Page 2 - Peter Li News Today

Chinese investors who have borrowed from the bank to buy a house abroad are facing a double-whammy as they contend with an economic slowdown at home and surging interest rates across the globe that are hampering their ability to pay for their purchases, according to analysts.

Almost half of the $1.5 billion approved residential real estate investment proposals came from the buyer cohort.

The latest FIRB figures show numbers of apartment buyers from China and Hong Kong are falling. It’s partly the economy, but taxes are playing a big role.

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A new era of capital flight has begun | Finance & economics

Hong Kong and mainland China-based buyers are snapping up residential units in Australia despite elevated interest rates and surging home prices Down Under, according to agents.

Leading international agents real estate agents have reported a more than 400 per cent increase in inquiries from overseas buyers.

One Nation leader Pauline Hanson is calling for only Australian citizens and permanent residents to be allowed to buy residential property in Australia.

For folks from Columbia County who commute through Linnton, the Decoy is open for business under the new ownership of four county locals.

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