Demand for properties from offshore Chinese buyers is expected to hit record highs in 2016, new data shows. But there could be some cracks ahead for this surging segment of the market. Chinese property portal ACProperty director Esther Yong said the typical offshore Chinese buyer
Property experts have blasted the state government over its plan to hike stamp duty for foreign buyers, accusing it of discrimination and warning the move could undermine confidence in the local property market. Esther Yong, director of Chinese language real estate website ACProperty.com, has hit
Chinese investment in Australian real estate has doubled. Foreign appetite for Aussie homes, from all corners of the globe, has surged in the past financial year, with the value of proposed investment rocketing by more than 75 per cent. Some property pundits believed the extra
Leadership roles in the property industry remain dominated by men, but the tide is turning. HodgesÕs Carmel Baker last year became the second woman to take charge of a major real estate agency in Victoria after Harcourts chief executive Sadhana Smiles. They are among less
Two shock new taxes on foreigners buying property in Victoria have been described as a "king-hit" to the real estate industry that will deter international investment in the state, and discourage the construction of new homes. Esther Yong, director of Chinese-language real estate website ACproperty.com.au,
Sydney may be leading price growth, but it's Melbourne that's attracting the most foreign investors in Australia, according to the Foreign Investment Review Board. Foreign investment approvals in Victoria rocketed to $10.41 billion for development in 2013-2014, more than double the previous year's figure. In
Australia's foreign investment rules have been under scrutiny, with the Foreign Investment Review Board (FIRB) proposing higher fees for offshore purchasers and jail time for those who solely advertise their projects offshore. Esther Yong, director, ACproperty.com.au, commented that Australia needs to improve the enforcement process