REA: Don’t expect Chinese property buyers to return

By Leith van Onselen

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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