Chinese buyers go cool on Australian homes
Sydney
CHINESE demand for Australian residential property has eased because of tighter capital controls imposed by Beijing and tougher restrictions on mortgage lending by local banks, a top central banker said on Monday.
Jonathan Kearns, the Reserve Bank of Australia's (RBA) head of financial stability, said that foreign buyers accounted for around 10-15 per cent of new construction, or about 5 per cent of total housing sales and around one-quarter of newly built apartments.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
China home sales slump 47% over May Day holiday vs 2023
China builder Vanke tells investors it readied money to pay bond
Swedish property group SBB's loss shrinks in Q1 and sees improving capital market
Consider housing policy tweaks to boost Singapore’s birth rate
HDB resale volumes recover in April as fewer BTO launches push demand to secondary market
More homes planned in Media Circle to support housing demand