Just came across this article and I’m quite surprised of the fact Chinese private company’s bought 38% of all Australian residential property developments last year.
With the new legislation introduced by the RBA prohibiting further investment into property what will happen to the price of our Australian properties considering more than 1/3rd of the demand came from the Chinese.
I don’t think immigrants or Generation Y have the financial capacity to be buying properties as they are priced currently.. will the supply out weigh the demand?
