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The chief economist of REA Group, Nerida Conisbee, has hosed suggestions that Chinese buyers will return en masse to the Australian property market. From The Australian:
Chinese buyers have evaporated from the market, and it isn’t surprising given there were so many factors pushing them back — new taxes on foreign buyers, difficulty in getting finance, negative coverage of Australian property in Chinese media, and fewer Chinese developers.
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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.