Behind the Chinese luxury property buyer boom
Cashed-up purchasers are once again keen on high-end Australian property. But where does the money come from?
Updated
A long-time Vaucluse resident recently set out on a Sunday stroll when she was approached by a flustered bus driver conveying a party of wealthy Chinese around Sydney’s dress circle eastern suburbs.
All the passengers had disappeared from the bus, the driver complained, and were checking out properties for sale.
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Andrew ClarkSenior writerAndrew Clark is a former editor of The Sun-Herald and Australian Business. He was a correspondent in Europe and North America, a political correspondent in Canberra and has been a journalist for more than 55 years. Email Andrew at aclark@afr.com.au
Bonnie CampbellLuxury property reporterBonnie Campbell is the luxury property reporter at The Australian Financial Review Email Bonnie at bonnie.campbell@afr.com
Michael ReadEconomics correspondentMichael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
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