PHOTO: Inquiry from Chinese buyers is said to be on the increase. Photo: Supplied

The low Aussie dollar is being credited with offsetting the cost of foreign buyer charges, prompting renewed interest from Chinese property buyers.

The first signs of year-on-year growth in Australian property among Chinese buyers since 2017 comes as the Australian dollar hovers below the US70 cents level and down 11.1 per cent since July last year against the Chinese yuan.

However, the currency drop has not been enough to tempt expats back into the local market, according to buyers’ agents, because of tighter lending restrictions targeting expats and mooted changes to the capital gains tax regime by the federal government