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Chinese buyers go cool on Australian homes
Published Mon, Nov 20, 2017 · 09:50 PM
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 …
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