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It has also been due to change of FIRB rules, which came into full effect Feb/March this year *I think

yeah, all the talk has pretty much been centred on mainland Chinese investors, but the Indians are here to stay as well. I have attended several auctions where the Indians outdid the Chinese in A list suburbs like Camberwell, Balwyn and Canterbury.

I personally do not think the recent rise in the AUD against the Yuan will affect the buying decision. Many mainlanders still treat or perceive their own markets, whether it be sharemarket or property market as a casino and so they need/want to diversity their assets to a safe haven (Australian...

I thought everyone knew this already and no, it is not a rumour. Some are not corrupt government officials but also business people, high net wealth individuals etc... You would find that most also pay cash upfront and don't bother with taking out a mortgage. It is true they don't bother...

You probably attended the same auctions as I did in the inner east. In fact, a lot of mainland Chinese do not even need finance, it is 100% cash. I know at least 1 case where a mainland Chinese family went to hell with mortgage and paid 100% in cash after winning the auction. You probably also...