Wealthy Chinese buyers are taking private jets to Melbourne to purchase mansions in Toorak – the city’s most expensive suburb – on the spot, says Toorak buyer’s agent Alex Bragilevsky.
Mr Bragilevsky, who is also a property developer, started off his agency to service the Jewish market, but says 90 per cent of the work he now does is for Chinese buyers.
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Larry Schlesinger was a reporter at The Australian Financial Review.