Chinese migrants fuel local off-the-plan sales

The Australian Financial Review (AFR)

Chinese property listing websites report an increase in the number of searches for Melbourne, Sydney and Brisbane residential real estate, foreshadowing a rise in off-the-plan sales. Most property searches on AC Property.com.au are for apartments, but there is growing appetite for detached houses and land. Melbourne has been the prime growth market for AC Property, but Sydney traffic is also rising…