Interesting segment from the ABC looking at foreign investors, with a focus on Chinese investors. They highlight a number of factors which suggests momentum from this sector may slow.
Loan availability is tightening, and as supply of units in Melbourne and Sydney rise, prices may slide, meaning that some already to committed to purchase off the plan apartments may not be able to complete.
One agent says only 20% of purchasers physically visit the property, and as banks have introduced tough new rules, and the states, surcharges; the market may slow significantly.
That said, some private lenders are filling the mortgage gap though at higher rates and demand still remains.
