Chinese money is driving a housing glut

A flood of Chinese capital is funding developments in select locales of Sydney and Melbourne, but dangers lurk in the potential oversupply in the apartment market.

When you buy residential real estate in inner city and suburban areas in Sydney and Melbourne where Chinese buyers are active, the price is often 10 or 20 per cent higher than ‘non-Chinese’ areas.

Behind that difference are call-centre engine rooms creating strong demand. It is also a market that carries hidden dangers.

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