Chinese buyers repulsed by Australian property

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The diplomatic spat between Australia and the Chinese Communist Party (CCP) has reportedly crashed Chinese interest in our property market:

Chinese buyer enquiries for Australian homes fell to their lowest in almost three years in May…

Data published by international property portal Juwai IQI shows enquiries slumped by more than 65 per cent in May compared with April, when enquiries surged as Australia emerged from the throes of the COVID-19 pandemic ahead of most rival markets.

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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.