26.11.2012 - Australia: Wealthy investors paint town red and create a property boom
Cashed-up Asian investors are fuelling a mini property boom, ploughing billions of dollars into houses and apartments around the state. The wealthy investors from China, Hong Kong and Singapore are snapping up real estate in many of Sydney's most desirable locations - from the central business district to waterfront properties and areas surrounding schools and universities. Despite fears that foreign investors will push the price of housing out of reach of ordinary families, experts predict it will actually help the property market recover...............................................Full Article: Source
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