The one Australian state Asian real estate buyers will be flocking to as they hope to invest in property
- Chinese property website Juwai IQI expecting foreigners to buy in Queensland
- Executive chairman Georg Chmiel said Australia better to invest in than UK, US
- The Foreign Investment Review Board has released new data on property buys
Queensland is expected to be the next big thing in real estate for cashed-up buyers from China and across Asia.
The Sunshine State, stretching from the Gold Coast to tropical areas beyond Cairns in the far north, still lags behind Victoria and New South Wales when it comes to foreign acquisitions of residential property.
Juwai IQI, a Chinese property website geared towards international buyers across Asia, is expecting foreign demand for Queensland property