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Treasurer Jim Chalmers said ‘there are too many properties empty around Australia’ as tight supply leaves many renters struggling to find somewhere to live.
I think Chinese people can’t really invest in China because corruption and government can take everything you own without a reason.
Looking at property crisis in China https://www.bbc.com/news/world-asia-china-62402961
Not to mention bank crisis around China https://www.theguardian.com/world/2022/jul/11/china-violent-clashes-at-protest-over-frozen-rural-bank-accounts
So it makes sense to have a foreign investment + they can flee and live there if something should happen