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Chinese buyer surge in Mosman prestige sales

By Juwai, 04 February 2013
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Burran Avenue (Photo: Property Observer)

(Photo: Property Observer)

Mosman property is gaining popularity amoung overseas buyers - particulary Chinese investors

The latest Mosman home was sold to a Chinese buyer for A$9 million (picturd above). Another Mosman home was reportedly sold not too long before this one for A$12.8 million to another Chinese investor.

The Australian Significant Investor Visa Program has played a significant role in bringing in these Chinese investors. THe program requires a A$5 million investment within Australia, and will then great the investor a four year permanent visa and the opportunity to extend it into a permanent residency visa.

Read the full story on Property Observer.