It is not only an Australian problem the difference is Australia has a much smaller population so is easier to overwhelm
Market Watch Mandarin speakers are the second largest non-English speaking cash-paying group, totaling nearly 18% of all cash deals,
“Cash buyers across the board are playing a much bigger role in the housing market now than they were 10 years ago, and that is particularly true for Chinese Mandarin-speaking cash buyers, who are more likely to be foreign nationals,”
I have read similar stories from Canada as well.
It appears to be a concerted movement of Chinese to get their money out of China.
