Quote:
Originally Posted by ILLaViTaR
sneaky article implies that because total numbers on foreign investment are down that the recent influx in chinese investors has not affected demand when it actually has incredibly. The problem they fail to acknowledge is it's a big nation and the demand (as has always been in property) is localized. It also seems to be hiding the elephant in the room that foreign investors from China are infact increasing..
Chinese pushed the Sydney market up 10% that is fact.
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Agreed, foreign investment may have decreased as a whole but Chinese investment is UP.
What it fails to highlight is that without the increased activity in the market from China, our market would likely have seen some correction.
It also fails to show what is done with these Chinese owned investment properties once they are bought.
Are they occupied by the owner, rented or empty.
The answer to that has greater relevance to housing stocks and market demand than total foreign investment or the background of the investor.