"Australia disallows China to invest in Australian properties after 2017"
False. Here is the FIRB guidance document, last updated 15/01/2021, that outlines the circumstances in which foreigners can buy residential property.
https://firb.gov.au/sites/firb.gov.au/files/guidance-notes/G06Residentialland_0.pdf
Example:
"All foreign persons can apply to purchase an established dwelling for redevelopment,if the redevelopment will genuinely increase Australia’s housing stock."
"Property developers looking to sell their newly developed dwellings to foreign persons can also apply for foreign investment approval on behalf of their foreign customers. Where a developer holds such an approval, the foreign person will generally not need to seek their own foreign investment approval."
You might be able to say that the FIRB has increased its scrutiny of all foreign investments (not just Chinese investment) in residential land, but it clearly still allows investment to proceed.
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