Chinese demand for Melbourne property to cool for remainder of year: Investorist chief executive

Victoria’s removal of stamp duty concessions on off the plan purchases paired with tightened bank lending will cause a drop in Chinese buyers in the market segment’s favourite Australian city, according to Investorist founder and chief executive Jon Ellis.

The business-to-business real estate website has launched its “China 2017 International Property Outlook” report, which polled 120 Chinese agents who sold 10,540 units in 2016.


Read the full article here.

This article was first published by Herald Sun on July 10, 2017.