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China beats US as top Aussie investor with property focus

Nearly half of A$27b investment approvals went into real estate

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Published Thu, Apr 30, 2015 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Sydney

    CHINA overtook the United States to become the largest source of foreign investment in Australia last year, driven by a surge in real estate purchases that is fuelling fears of a house price bubble.

    Australian property has long been a popular choice for Chinese investors but investments appear to have sped up in the past year as Beijing's crackdown on corruption has gathered momentum.

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