Where will Chinese property buyers go this Chinese New Year?
Mansions have been spruced up and glossy dossiers have been printed as prestige property agents await the influx of high net worth Chinese buyers arriving in Australia on Tuesday, the second day of the Chinese new year. In Melbourne, Doncaster is a sure bet because it sits on the top of a hill, but Docklands is considered “bad luck”. “Doncaster is the eye of the dragon, particularly where the Westfield shopping centre is,” Chinese property website ACProperty’s Esther Yong said. “The stagnant water in the Docklands however is bad feng shui, which explains why prices there haven’t risen.”