The tidal wave of Asian money rushing into Australia’s inner cities

The price of inner-city land with building permits is rising rapidly thanks to the swift entry of Asian investors, who aren't held back by the tough rules Australian banks impose on local developers.

The inner city residential property development markets of Melbourne and Sydney are experiencing a sudden and spectacular boost. For many Asian and Chinese investors, inner-city property investment in Australia is replacing gold as a hedge against possible difficult times at home.

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