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Chinese investors who have borrowed from the bank to buy a house abroad are facing a double-whammy as they contend with an economic slowdown at home and surging interest rates across the globe that are hampering their ability to pay for their purchases, according to analysts.

Almost half of the $1.5 billion approved residential real estate investment proposals came from the buyer cohort.

Canberra says its latest measures are aimed at preserving the housing supply for local buyers and tenants.

Many Chinese developers in Australia and New Zealand have closed or scaled back, amid a property crisis in China, weak demand and higher construction costs.

After a lull of two years, Chinese buyers appear to be stepping up their home purchases in Australia again. That has kept Sydney real property agent Peter Li super busy over the recent Christmas and New Year holidays.

A new era of capital flight has begun | Finance & economics

Hong Kong and mainland China-based buyers are snapping up residential units in Australia despite elevated interest rates and surging home prices Down Under, according to agents.

Leading international agents real estate agents have reported a more than 400 per cent increase in inquiries from overseas buyers.

One Nation leader Pauline Hanson is calling for only Australian citizens and permanent residents to be allowed to buy residential property in Australia.

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