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Growing demand from China

Discussion in 'General Property Chat' started by Observer, 12th Apr, 2016.

  1. Observer

    Observer Well-Known Member

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  2. melbournian

    melbournian Well-Known Member

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    a bit hard to believe this AFR articles. i read one with where they said about ringwood east one chinese guy outbid 60 bidders?

    i went to an auction in ringwood over the weekend yeah there were bidders but not like that article and there are many still for private sale. Even balwyn or glen waverley dun have 60 actual bidders on highly contested properties.
     
  3. Aaron Sice

    Aaron Sice Well-Known Member

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    Asian money is simply looking for a politically stable country to divest out of their home country for.

    Australia, New Zealand, Canada, UK, USA, Singapore....
     
  4. magma

    magma Active Member

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    all that money coming out of China... I wonder how this would affect them as a country in the long run.