Your examples won't fill a minivan (let alone a truck). The...

  1. 249 Posts.
    Your examples won't fill a minivan (let alone a truck).

    The article refers to skilled migrants from China, India and the UK (not the odd rich Chinese dude coming here in semi retirement). Chances are they are non-residents.
    Pasquel, you should go to the Dept of Immigration to look up what constituent the skilled migration program.

    The amount of hot Chinese money invested in real-estate here is negligible in context of the overall market. The serious money in property is made in high-end luxury HK market. Your 2 million Camberwell house is chicken feed money over there (almost loose change).

    The few examples of Chinese buying here are cooked up, regurgitated and repeated in the media. While there are some high profile purchases by wealthy Chinese, many stories are just real estate agent's creativity.

    Some say RE agency is the world second oldest profession. Wonder if that's true.

 
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