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The most recent NAB residential property survey suggested that foreign buyers have pulled back sharply from the Sydney housing market:
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Today, The AFR reports that Chinese buyers are shunning Sydney’s property market in favour of more affordable locations like Bangkok:
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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.