From China, with love: the residential tourists falling for Melbourne property

Posted by Simon Dehne on March 7, 2016 in Latest News with No Comments

chinese_investorsLured by lifestyle, a type of international buyer has emerged as a major player in Melbourne’s property market – the residential tourist.

Chinese offshore buyers who have not prioritised investment and love regular holidays in Australia are prominent among overseas-based house hunters, according to an RMIT study.

Their intentions are different to fellow international buyers who are primarily motivated by making gains on real estate purchases, RMIT PhD researcher Peng Wong said.

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