recent chinese investment only tip of iceberg

"Some experts in China believe that the rush of Chinese investment into Sydney property over the last couple of years is “just the tip of the iceberg”."

"Juwai.com, the leading broker connecting Chinese buyers with overseas property, estimates that 63m Chinese are rich enough to buy property abroad. It claims that over the last three years, the number of Chinese buyers in Australia has grown nine-fold, faster than anywhere else. For wealthy Chinese looking for a safe haven, both for their money and for themselves, it is hard to go past Australia."

"The impact of those buyers on Sydney property has only just begun. As the value of the dollar falls, foreign buyers will be paying less for Sydney real estate, and the Chinese government is relaxing restrictions on Chinese citizens wanting to buy overseas assets."


http://www.theguardian.com/commentisfree/2014/feb/18/wealthy-chinese-buyers-are-making-sydneys-housing-problem-worse