When will Australia police real estate dirty money?

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By Leith van Onselen

ABC Four Corners last night aired its latest episode, The Great Wall of Money, which attempted to investigate the huge flow of Chinese funds flowing into Australian real estate and where these funds come from.

The episode did a reasonable job of showing the breadth of Chinese investment and the stories behind the investors, including some of their motivations. For example, there was the bit part chase of some putative Chinese corruption beneficiary in Melbourne and a cafe owner in Sydney, as well as tears from a businessman who had been attempted to be bribed.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.