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.

 

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