Foreign property investors, particularly cashed-up Chinese from the mainland, are believed to be playing a big role in the current property boom in Melbourne. One Chinese investor bought his latest property yesterday (just a cheapy at AUD$712/NZD$929), which makes his 150th property just in the suburb of Doncaster alone, let alone whatever other properties he already owns in other Melbourne suburbs!
So how long till the cashed up Chinese start looking across the ditch to see what NZ has to offer?
So how long till the cashed up Chinese start looking across the ditch to see what NZ has to offer?
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