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Aussie property becomes a hot Chinese takeaway

By Juwai, 25 February 2013
When wealthy Chinese go abroad for their holiday, their shopping lists extend beyond high-end, branded luxury goods to real estate. Australian cities are now at the top of their shopping lists for property investment. Florence Chong reports for The Australian. February 24, 2010 -- No statistics are available on the level of Chinese property investment, but a rough count of what top agents estimate to be their annual sales quickly runs into billions of dollars. Sydney has been the focal point for Chinese buyers, attracted to its cosmopolitan nature and the abundance of inner-city apartments. Key agents in Sydney say Chinese buyers have been their largest source of offshore buyers at least for the past five years.