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RE: Why the Chinese Love Australian Real Estate
Good post. Similar storyin Canada. Vancouver just started taxing them and it really changed the market quickly.
you should switch out the china tag with cn. ^^
Yeah, I've heard that about Vancouver. Apparently it's one of the only cities more expensive than Sydney. London is up there as well, where they've now upped the stamp duty on all second home purchasers, local and foreign. Unless something changes soon, I think the same will happen in Australia.
Thanks for the cn tip :)