Business | No foreigners, mate: Australia balks at Chinese home-buying

No foreigners, mate: Australia balks at Chinese home-buying

A new survey shows a majority of Sydney residents are opposed to foreign property ownership after a surge in Chinese purchases and skyrocketing prices

Perth, May 26, 2017 12:41 PM (UTC+8)
A protester from a right-wing minor political group, the Party of Freedom, wears an Asian conical hat and fake beard at a demonstration outside the Chinese Consulate in Camperdown, Sydney. Protesters demonstrated against an alleged Chinese 'Real Estate Invasion of Australia' as well as 'Cultural Genocide' due to an increased number of Chinese-born new Australians. Photo: AFP Forum/Richard Ashen
A protester from a right-wing minor political group, the Party of Freedom, wears an Asian conical hat and fake beard at a demonstration outside the Chinese Consulate in Camperdown, Sydney. Protesters demonstrated against an alleged Chinese 'Real Estate Invasion of Australia' as well as 'Cultural Genocide' due to an increased number of Chinese-born new Australians. Photo: AFP Forum/Richard Ashen
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