Australia - Chinese property investment to be examined as House Economics Committee reviews foreign investment laws

 With Chinese investors spending almost $6 billion in Australia's real estate market last financial year, the Federal Parliament's House Economics Committee is examining the laws governing foreign investment.
Australia has become among the most popular property investment destinations for Chinese nationals, who are estimated by some financial institutions to be purchasing about 12 per cent of new homes.

Sydney and Melbourne attract the most interest, with some apartment blocks in those cities 100 per cent owned and occupied by Chinese nationals.

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