China-Australia relations: tax rebates, entreaties by Australian states fall on deaf ears as Chinese home buyers await a thaw in ties

//China-Australia relations: tax rebates, entreaties by Australian states fall on deaf ears as Chinese home buyers await a thaw in ties

China-Australia relations: tax rebates, entreaties by Australian states fall on deaf ears as Chinese home buyers await a thaw in ties

Chinese homebuyers, the fifth-biggest group of foreign investors in Australian property in 2019 before relations went into a deep freeze, are turning their backs on the tax rebates and other entreaties offered to lure them back, as they stay on the sidelines to await for a thaw in bilateral ties.The Chinese were the biggest foreign buyers of Australian real estate from 2015 through 2018. Their inquiries for homes in major Australian cities have fallen by half compared with a year earlier, said…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2021-01-09T04:00:17+00:00 January 9th, 2021|Business|Comments Off on China-Australia relations: tax rebates, entreaties by Australian states fall on deaf ears as Chinese home buyers await a thaw in ties