You are here

Chinese doubling down on Aussie property

Bulk of recent deals sealed after Shanghai Composite Index started tumbling in June
Thursday, July 16, 2015 - 05:50
BT_20150716_OZPROP16_1777469.jpg
A prospective buyer inspecting a property for sale in the Sydney suburb of Vaucluse last weekend. Potential Chinese buyers consider Australian homes a safer bet than mainland stocks at this time.

Sydney

AUSTRALIA'S property brokers are cashing in on China's stockmarket calamity.

The almost US$4 trillion rout is fuelling demand for less volatile assets in one of China's favourite real estate markets, where a plunging Australian dollar is making property cheaper for offshore