Gottiboff: Chinese blocked from buying Aussie realty

I must have died and gone to heaven. Via Gottiboff:

The trade tussle between China and Australia has taken a dramatic new turn. Chinese buyers of apartments in Sydney and to some extent in Melbourne have suddenly reduced their buying.

Early in the year, when COVID-19 was ravaging China, there was a sharp reduction in the Chinese apartment buying. But in March, as the crisis eased, Chinese buyers returned in significant numbers in Melbourne, Sydney and Brisbane, despite the threats from the Chinese ambassador. While the buying is being executed by locals, they have close links to those on the Chinese mainland.

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