Suburbs in Melbourne's east are among the most sought after postcodes for Chinese property buyers, according to Chinese-language property portal Myfun.com.
The suburbs of Glen Waverley, Mount Waverley, Doncaster, Box Hill, Balwyn and South Yarra experienced the greatest demand from Chinese buyers.
Queensland is the second most popular state and, surprisingly, only one suburb from Sydney made into the top ten areas of attraction.
Myfun.com is a portal owned by REA Group, a division of News Corp. (also the publisher of Business Spectator).
It is a property site designed for Chinese property hunters.
Damian Moore, a real estate manager from Ray White's Glen Waverly branch, says the area and its neighboring suburbs are popular with Chinese buyers due to the presence of well-known schools.
“There are two of Victoria’s best state schools in Glen Waverley Secondary School and Mt Waverley Secondary College, as well as two of Melbourne’s best private schools -- Wesley College and Caulfield Grammar -- having campuses in the area,” Mr Moore said.