The drumbeat for the developing east coast apartment bust is growing louder, via The Australian:
One in five foreign apartment buyers in Brisbane are failing to settle due to tighter restrictions on moving money out of China, according to investment bank UBS, which is also watching the prospects for foreign purchases of off-the-plan units in Sydney and Melbourne.
As many as two in five residential properties around the world bought by mainland Chinese may be vacant some or all of the time.
