According to Business News, property developers are "upping the ante" to promote WA to Chinese investors. In the past, Sydney and Melbourne have had great success in attracting foreign investment and local developers are hoping to now promote WA as an attractive investment opportunity.
Devwest Group, Altegra Property Group and Blackburne Property group are all feeling confident about increasing Chinese investment. Damon Ferguson (executive director, Devwest Group) stated that 50 per cent of their capital comes from China. He said Chinese investors are interested in apartments, either as an investment or as accomodation for their children when they are studying in WA. Paul Blackburne of Blackburne Property Group said that 5 per cent of their apartment sales are to Chinese buyers.
Read the full Business News article here.