Chinese interest soars

The rise and rise of Chinese interest in Australia’s residential unit market continues to attract attention. Today Robert Gottliebsen from Business Spectator points out the surge in Chinese interest in off the plan projects in Sydney, Melbourne and Brisbane. Interestingly he points out the source of this continually expanding interest, “It seems that Chinese apartment investors have been quietly told that the Chinese government wants a subdued Chinese apartment market and that they would much prefer the investors to buy offshore (which also helps keep the Chinese currency down).More…

 

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