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China buyers to prop up Aussie home prices

Investment over next seven years can push home prices even higher: study

Published Wed, Mar 5, 2014 · 10:00 PM
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[SYDNEY] Wealthy Chinese will pour A$44 billion (S$50 billion) into Australian real estate over the next seven years, potentially pushing prices in one of the world's most expensive housing markets even higher, a study said yesterday.

Investment bank Credit Suisse used data from the Foreign Investment Review Board and other government agencies to estimate the amount of Chinese investment i…

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