DESPITE the best efforts of the banks and regulators, the flood of Chinese money into Australian residential property doesn’t seem to be showing signs of slowing — yet.
Two charts released this week in a research note from ANZ tell the story.
The first shows data from the Foreign Investment Review Board, breaking down foreign investment approvals by country — not surprisingly, Chinese nationals accounted for the vast bulk last year.
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Chinese demand is likely to remain strong. Picture: Stephen Cooper