Law firms in workflow boost as China ups investment in Australia

August, 11 2015

A 'phenomenal' upturn in work, thanks to Chinese investors, is having a 'very positive impact on workflow' on law firms in the big cities of south-eastern Australia, according to a Brisbane law firm.

Chinese investors are competing with Australian industry heavyweights such as Metro Property Development, Meriton and Mirvac

The purchasing intent of Chinese investors is up 17 per cent in Q2 2015 compared to the same period in 2014, according to Juwai.com. Chinese capital is now flowing into Brisbane and the Gold Coast area to buy property at a rate 'never seen before,' according to Andrew Johnson, head of the Mills Oakley property team in Brisbane. He says that he cannot see the pace of investment slowing down before the end of 2016. Source: Lawyers Weekly