Hi Hari
Let me run the alternative proposition past you.
"Developers have always targeted distant investors too, firstly, get rid of unsold dwellings for which there are no genuine local buyers – and, secondly, to go a step further and create new stock specifically to sell to distant investors, notwithstanding the local over-supply or depressed market."
Some Australians are saying this is not a case today of the excess stock. They say it is a case of doing them out of a home.
Thank you
Jack
The latest update on hot Chinese money indicates as much as a staggering $4 trillion has left China since 2000. if you think it's all parked in a Caribbean bank vault you're delusional….
Actually it is not that easy to get money out of china. There is a $US50,000 annual limit per person for Chinese to transfer money overseas.
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auNot true as you can send the money through Macau to transfer the money through regardless of the limit.
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