China's domestic real estate market has been in decline this year and property developers are battling an "industry winter".

"Going global" has become a strategic move for major developers but where to go is a decision to be taken based on many factors. According to the Sino-Australia FTA, Australia will reduce inspection of private investment from China and this will add credit to Australia as a property investment destination.

Billionaire Harry Triguboff, the Australian property developer and Australia's fourth-richest man, is in talks with a Chinese company to sell Australia's biggest homebuilder, which he founded more than 50 years ago, Bloomberg reported last month.

A car drives past a residential block for sale on the outskirts of Mackay city, Queensland state, Australia on June 14, 2013. [Photo/IC]