Chinese capital controls send tremor through Australian property
Developers turn focus to local buyers as China investors are finding it hard to seal their deals
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Sydney
ON a recent Sunday morning in the sun-drenched Australian city of Brisbane, about 50 "property tourists" boarded a bus tour with a difference.
The group - all local Aussies looking to purchase their first homes - were shuttled to five new apartment projects where brochures promised that they could "capitalise on international deposit defaults" and snap up properties at sharp discounts.
