China's crumbling property market no deterrent to Australian real estate investment
As China’s own property market slipped into freefall, Australia has entrenched itself as the top destination for Chinese property buyers.
The tumult in China's property sector has implications for Australia's real estate markets. (Image source: Shutterstock.com)
China’s property market may be in freefall but it hasn’t stopped Chinese property investors from setting their sights on Australian real estate.
The world’s most heavily indebted property developer, China’ Evergrande Group, on Friday (18 August, Australian time) filed for bankruptcy protection in the United States, with Australia not immune from the economic fallout.
China’s biggest property developer, Country Garden, which is now that country’…
