The Traderszone Network

Published in TZ Latest News 22 September, 2017 by The TZ Newswire Staff

Australia Cracks Down On Foreign Real Estate Buyers As "Ghost Towers" Increasingly Outrage Locals

As we’ve discussed frequently over the past several years, home prices in some of Australia’s largest markets have gone completely vertical since 2013 as wealthy Chinese buyers have increasingly sought safe havens outside of the mainland to launder invest their cash.  Per the chart below, home prices in Melbourne have more than tripled since 2002 and Sydney is almost as bad.

read more