Victoria's Yarra Valley wine region north-west of Melbourne is pinging loudly on the radar of Chinese investors with two boutique vineyards recently changing hands for a combined $13 million.
In Woori Yallock, a local buyer backed by overseas funds sourced from Asia has bought the Hillcrest Vineyard and Winery at 31 Phillip Road from winemakers David and Tanya Bryant for $4.6 million.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
