I guess some of the chinese will be drawn over here to our market....no heavy handed moves to curb their appetite over here...no restrictions on foreign ownership either....since Feb 2008, when swan and rudd decided to totally change the rules that had been in place for 100 years....
the asians have been busy in regional areas, in fact in some cases the only interest is from the asians.....or a silly low ball offer from the aussies, that is instantly dismissed...
extract only......... CHINA has launched new moves to curb soaring property prices, ordering banks to impose a 30 per cent deposit on home loans. It has also ordered banks nationwide to halt lending for third and subsequent home purchases.
The moves, announced in a statement by the State Council, China's cabinet, add to measures unveiled in April that have so far achieved limited success in the key goal of making housing more affordable.
Official measures of residential real-estate prices have been flat since June, but have yet to show any decline.
The government's willingness to ratchet up the pressure on the housing market even as the global economy weakens shows the political importance of reining in the widespread public resentment that unaffordable housing has generated, analysts said.
But it also highlights the difficulty Beijing has had in curbing in asset prices
