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Chinese home buyers in Australia in decline

Visits from property seekers based in China declined sharply in the first four months of this year, data from REA Group shows, confirming a slowdown of Chinese buying in Australia due to concerns about lending restrictions and tax changes. sther Yong, director of Melbourne-based, is having mixed responses from

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ÊAustralian state of Victoria squeezes foreign homebuyers

The Australian state of Victoria said on Wednesday it was more than doubling taxes on foreign property buyers in a move reflecting growing public concern over the volume of Chinese money flowing into the local real estate market. ÒDoubling the tax within a year makes foreign buyers feel very unwelcome,Ó