Australia's housing market continues to skyrocket, even though the country's overall economic growth remains modest. Most analysts say the rise is mainly due to overseas investment, much of it coming from China.

House prices rose by an average of 11.4% in Australia´s eight major cities during the year ending Q3 2015. The mean price of residential dwellings in Australia was AU$612,200 or 3 million RMB in September 2015, up 10.2% from the same period the previous year. Li Minji has been an agent for Australian properties in Shanghai for about 5 years. He said the demand for properties in the Australian market is larger than the supply.

Chinese investors are number one among overseas investors, followed by Americans and Japanese.

Li says the majority of Chinese investors are in their late 30s or 40s with children interested in Australian universities, and that it is this age group which will keep the Australian property market on the rise.