Via Domain:
It’s the important week in every real estate agent’s calendar when the red carpet is rolled out for Chinese visitors touring Sydney for its real estate. But as China’s Golden Week national holiday celebrations come to an end, there are signs that foreign buyers have started to turn off the city’s property market.
Even before the state government introduced an extra 4 per cent stamp duty surcharge for foreign buyers in July, figures show fewer Chinese buyers searching for Sydney real estate opportunities this year, according to data from Chinese property website Juwai.com.
