In recent years, the number of Chinese consumers with significant purchasing power buying property overseas has increased, with Australia becoming one of the favoured spots for investment.

Recently released figures show that Chinese developers were responsible for nine per cent of the 30 per cent share foreign developers took in the Australian apartment market in 2011. In the fourth quarter, over 1,200 apartments were in the planning, marketing, or construction stages by Chinese companies in Australia, with the biggest markets being Melbourne and Sydney. There are a number of factors for China’s growing passion for Australian property. Unlike China – where property ownership lasts for 70 years before reverting to the government – Australia provides title, and property can be passed down from one generation to another. Many Chinese are coming to Australia to purchase apartments for family, often for children studying in the country (at present, some 160,000 Chinese students are studying across Australia). Of the 980 persons interviewed for last November’s Hurun Report of wealthy Chinese who plan to emigrate from China, 51 per cent intend to invest in real estate.

Home Automation

Call it ‘domotics,’ and you are likely to receive a blank stare, but refer to it as ‘smart home’ or ‘home automation,’ and you will get a nod of acknowledgement. For the past few years, consumers have heard the word ‘smart’ attached to countless products and services, from food and drink to snacks like popcorn and mobile phones, which no one seems to refer to as a ‘cellphone’ anymore. Yet what, exactly, constitutes ‘smart’?

July 16, 2020, 9:58 AM AEST