500 of Australia’s ultra-rich homeowners are based overseas and most of them are Chinese, reports The Courier Mail (14 February 2015). Australia is the second-most searched country according to Juwai data, and Wealth-X and Sotheby’s notes that Chinese lead in this category for foreign buyers, having bought a staggering AU$463 million worth of ‘Old property’ all over the world in 2013- 2014. Destinations cited as most popular for ultra-HNWI buyers in the report include the US, UK and Switzerland. [This article is available in print only]