An insider’s view on Chinese buyers

In 2013 my wife and I were looking to buy our first home – something bigger in a nice suburb with a good school nearby. During the inspection for a three-bedroom unit in Killara I said to my wife “Wow, look at this, there’s no other Chinese buyers here. I think we can get this one!” And indeed, we did.

Unlike those cash-loaded, overseas Chinese buyers you see at property auctions, my wife and I are new migrants living on monthly Australian salaries. In addition to the normal frustration of being defeated at auctions by the super-rich Chinese, we also suffer from the common criticism today that “the Chinese” have and are pushing up property prices in Australia. I can’t blame people who put it that way because, the truth is, Chinese home buyers have lots to do with the property market in Australia…

View full post at onlineopinion.com.au

 

One thought on “An insider’s view on Chinese buyers

  1. Pingback: “From the Gold Rush to the Property Rush” – Musings from an Australian Perspective – The New Chinese

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