China and Australian housing: Splurge at an end?
Chinese buyers have helped drive huge price rises in Australia’s property market, but Beijing is now trying to prevent its citizens from taking cash out of the country. Julian Lorkin investigates whether the boom is over.
Shanghai-based Australian real estate agent Scott Kirchner helped moneyed Chinese buyers snap up new Australian apartments and homes at a record rate last year.
Mr Kirchner, who speaks fluent Mandarin, is one of many Australian agents who run offices in Beijing and Shanghai hoping to reap profits from Chinese investors spending big offshore.
China and Australian housing: Splurge at an end?
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