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Michael Mata is a content marketing specialist, editor and writer. He is a former journalist at Your Investment Property Magazine.
Melbourne is officially the most popular Australian city for Chinese buyers of residential real estate, according to the latest data from Juwai.com, a Chinese-language international property website.
Last week, China’s central bank, the People’s Bank of China (PBoC), relaxed capital controls for the first time this year by scrapping two rules intended to bolster the renminbi. Many analysts view this move as a sign that official nervousness about currency depreciation and capital flight have eased.
Hidden land costs, red tape, and regulatory creep are driving up house prices and the cost of living, as well as exacerbating mortgage stress, according to new economic modelling commissioned by Master Builders Australia and conducted by Cadence Economics.
