new chinese fund to invest in aud property

"Asian investors will soon be able to buy a yuan-denominated convertible bond targeted at Australia’s commercial and residential property sector."

http://blogs.wsj.com/dealjournalaustralia/2011/11/23/convertible-yuan-bond-fund-targets-aussie-property/

Looks like the Chinese, who long found it hard to invest outside China, are now being enabled to do so.

I estimate great demand as this allows smaller chinese mum & dad investors an opportunity to get into Aussie property without actually have to fork up the several 100 thousands required to buy the average house.