And while there have been plenty of warnings about foreign investors pushing property prices beyond the reach of a generation of local prospective homeowners, Chinese investment may be the catalyst for growth in a non-mining corner of the economy – building and construction – that traditionally is a strong generator of employment. Around 10 million of the wealthiest Chinese families, or around one in seven, are interested in migrating to Australia, according to a survey conducted by the broker. And home ownership in a desirable destination country is “a key reason” for the flood of money coming into the Sydney and Melbourne property markets, conclude the broker’s analysts. Foreign investment in Aussie Real Estate: 1) China 2) Canada 3) US 4) Singapore 5) UK 6) Msia Read more: smh.au/business/property/phenomenal-chinese-demand-for-property-set-to-continue-20140815-104bpj.html#ixzz3GSr858Gk smh.au/business/property/phenomenal-chinese-demand-for-property-set-to-continue-20140815-104bpj.html
Posted on: Sat, 18 Oct 2014 03:40:06 +0000
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