A recent surge in demand for Australian property from wealthy Hongkongers and mainland Chinese could be dampened by the country’s upcoming elections, industry experts warned.Data from London-based Real Capital Analytics showed that Hong Kong buyers spent US$1.2 billion on Australian real estate last year, a 9.3 per cent increase from 2017, while those from mainland China raised their investments to US$2.7 billion from US$2.53 billion in the same period.“The upcoming state and federal elections…
Source : South China Morning Post
Read more…Hong Kong, China buyers pause investments in Australian real estate on concern of post-election increase in capital-gains tax















