Chinese investment in Australia continues to rise
CHINESE investment in Australia jumped 32.9% last year to $15 billion, largely on the back of funds flowing into real estate.
The latest Demystifying Chinese Investment report from KPMG and the University of Sydney was released this week.
It found 45% of the $15 billion invested in Australia in 2015 went into real estate and property, including $565 million into properties in the Northern Territory.
The report also showed 2015 was the second highest year for Chinese direct investment into Australia, after the big mining deals of 2008.
And it showed Chinese firms were diversifying their investments into new industries - most notably the $3 billion takeover of Pacific Hydro, and four health sector deals worth a total of $2.5 billion.
Real estate investment from China rose to $6.8 billion in 2015 up from $4.3 billion in 2014, most of it in New South Wales.