Chinese homebuyers shun Australian market as coronavirus, political tensions take toll

0
29
how to asset manage - new world wide
https://cdn.i-scmp.com/sites/default/files/styles/1280x720/public/d8/images/methode/2020/10/08/c3619c88-093d-11eb-afc8-92e0da0ef1c3_image_hires_163907.jpg?itok=m86TTwmU

When mainland Chinese resident Susan bought an off-plan flat in Melbourne’s new high-end West Side Place development in 2017, the Nanjing-based property investor’s plan was to rent it out upon its completion next year.She shared the strong Chinese appetite for property – particularly flats in Australia – that sent the sector in Sydney and Melbourne soaring during a five-year boom between 2013 and 2017, when home prices rose as much as 70 per cent.But despite her desire to own more flats, Susan,…

A Global Asset Management Seoul Korea Magazine

This post was originally published on this site