Chinese buyers fleeing corruption and turmoil turn to Australian real estate
The downward spiral of two of China's largest property developers, Evergrande and Country Garden, is motivating buyers there to turn to the more stable real estate market of Australia.
Evergrande's plight in China is motivating property investors there to look to safer international property markets, including Australia's. (Image source: Shutterstock.com)
Chinese buyers are flocking back to Australian property, attracted at least in part by the country’s relative stability as two of its own real estate giants teeter on the brink of collapse.
The billionaire chairman and founder of Chinese property developer Evergrande, the world’s most indebted company, Hui Ka Yan, is being investigated and has been detained by police.
Evergrande is not the only real estate developer in deep trouble.
Country Ga…
