Which REA in Melbourne, Ruddprime. Any source to back up such a claim??
FWIW.....
Who's driving up our house prices?
MARIKA DOBBIN AND RICHARD WILLINGHAM
April 24, 2010
"A survey conducted by The Age of 20 leading agents found foreign buyers, mostly cashed-up Chinese, now account for 30 to 40 per cent of property sales. Before the changes in March last year, overseas buyers comprised 15-25 per cent."