What I love even more is the intellectual lightweights that keep pedalling out stupid statistics to support this theory Chinese buying isnt to blame for the bubble in sidiny.
It goes like this... foreign buying only accounts for 0.0001% of all property in Australia.
What these dumb comments fail to understand is the composition of property purchases by foreigners and then how their purchases shift the market.
That is - the foreign buying of sidiny and melbourne PREMIUM and GENERAL property is something like 20% PLUS.
Therefore as premium and general property prices rise all the people in next suburbs then want more for their properties.
