Rise in Hong Kong buyers lifts Australian property

According to the SCMP, there has been a notable lift in Hong Kongers applying for Australian business visas. And this is supposedly helping to lift Sydney and Melbourne property values:

A recovery in the Melbourne and Sydney property markets is being boosted by Hong Kong investors fleeing anti-government protests, experts said.

The number of Hong Kong residents applying for business visas for millionaires looking to migrate to Australia might have doubled since June this year, when the protests started.

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