What you guys are talking about are hardly big money...

What you guys are talking about are hardly big money transactions.

If you are talking about rich chinese snapping up properties, I would have thought $3 MIL and up.

700K-800K-900K , that's hardly worth a mention...???

For heavens sake's, why are you surprised folks don't need to borrow ??

Culturally, Chinese are habitual savers. It's typical of them to have substantial savings. Anything borrowed is quickly paid off.

Borrowing to the hilt and surviving on credit is a western phenomena common in countries like Australia, US, UK.

The Chinese buyers aren't going to save Australian from a housing crash. The % they represent is a p_ss in the ocean as it were.