The chief of one of China’s largest developers, Country Garden’s Johnson Zhang, has played down concerns that Chinese investment into Australian housing is driving-up home prices and shutting-out locals, instead arguing that there is plenty of second hand stock available for locals. From The AFR:
“I feel this debate has errors,” he said. “Remember, foreign investors including Asians can only buy new properties. There is a huge second-hand market with enough housing there for locals”…
