Yes that's what you get for having a stable profitable country with a AAA credit rating. Property in Tasy is still pretty cheap and a lot of the regional areas are still fairly accessible.
I know and have seen the Chinese outbidding everyone no matter the price. I am pretty sure a lot of the Chinese buyers are backed by Chinese companies allied to the Chinese Government. Foreigners get by because they start a company in Australia with Australians on the board and buy realestate by the bakers dozen pushing up prices beyond the first home buyer. The Government could do a lot more to settle this problem but they wont, if they do it will hurt the Realestate industry.
