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China has become the largest international land buyer in Queensland for the first time, reportedly buying over $530 million worth of propertyin the in just the past 3 years, China now, in dollar quantifications, owns the most of Queensland, owning approxiamtely 15,700 hectares of land.
This past financial year alone Chinese investors spent $260 million on property, a 60% increase than how much they had spent in the 2010-11 financial year.
Read more from this article on The Courier-Mail.
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