Money launderers love Australian property

Advertisement

By Leith van Onselen

The Diplomat’s Yigal Chazen is the latest to warn that Australia’s property market is a potential haven for laundered money, especially from China:

Australia is in the midst of a housing affordability crisis… The price spiral has coincided with ballooning Chinese investment in Australian real estate markets…

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.