‘Limited English, unlimited bank accounts’: Chinese investors are snapping up 25% of all new properties on the market – and 20% are left EMPTY

  • Chinese investors are snapping up a quarter of new properties on the market as younger, cashed-up buyers arrive.

    They are part of a growing number of foreigners casting their eyes to Australia as a nearby source of wealth with an enviable lifestyle.

    ‘We say limited English, unlimited bank accounts,’ Melbourne real estate agent Tim Heavyside told Sunday Night of many buyers – even in the outer suburbs.

    READ MORE VIA DAILYMAIL

Real estate agent Monica Tu said she was selling the ‘Chinese Australian lifestyle’, which was the biggest appeal for any wealthy investor