Let's hope this continues:
Chinese buyers are returning to the local property scene as international borders open up again, but experts have warned there won't be a flood of capital to match the apartment boom.
โฆโIt is reasonable to assume a rebound in the next six months or so, but the evidence from our recent survey of 1,600 middle-class Chinese points to a more steady flow rather than a torrent, which may come as a surprise,โ he said CLSA's head of local property research, James Druce.
โฆโWe have noticed that many investors expect that with the return of foreign students we will see a wave of Chinese purchases. To date our channel checks are not seeing an increase in demand for material,โ he said.
And, in the future, if you need to know, never believe a word creepy Juwei says.
There has been no change to Chinese capital controls, so I don't expect any changes to Australian buying.
David Llewellyn-Smith is Chief Strategist at MB Fund and MB Super. David is the Founding Editor and Publisher of MacroBusiness and was the Founding Editor and Global Economics Editor of The Diplomat, the leading Asia Pacific geopolitical and economics portal.
He was also a gold trader and economics commentator for The Sydney Morning Herald, The Age, ABC and Business Spectator. He is co-author of The great crack of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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