Property experts have refuted a recent UBS report that claims one in four Chinese buyers keep their overseas homes empty, reports Domain (23 August 2017). According to Head of Australia Jane Lu, the perception of vacant properties held by foreign buyers are akin to an 'urban myth', considering there is no concrete data to prove such claims. “Most Chinese buyers of inner-city apartments are not so wealthy that they can afford to leave their property vacant — rather than renting it and earning some sort of income. There are some who do not live there full-time, because it is their second home. Chinese investors are no more likely to turn down easy rent money than are Australians … Australian second-home owners probably have more vacant properties in Ballina and Byron Bay than Chinese investors do in downtown Sydney or Melbourne,” said Lu.