Melbourne’s west a new hit with the east

Herald Sun

The total amount of Chinese investment in property, including residential, increased just $93 million from the 2010-11 financial year to the $4.187 billion reported for 2011-12 by the FIRB. The operators of Chinese language real estate website ACproperty.com.au, which sells Australian property to a mixture of offshore and local Chinese-speaking buyers, recorded between 15 and 20 per cent increases in the three months to December last year…