Chinese businessman buys 32.4 million luxury homes for Chinese buyers into Australian housing market

One Chinese businessman took out 32.4 million Australian dollars to buy a mansion. Chinese buyers have become an emerging force in the Australian housing market since the changes in Australia's foreign investment regulations, Australian media reported recently.　　reported that in the past, foreign investors can only buy new houses or buy a building, but the regulations changed, holders of visas for more than a year in Australia and holders of visas to wait for permanent residence in addition to the application for screening, can buy a second-hand house.　　Chinese buyers ' interest in the Australian housing market is growing in three ways: Chinese buyers are chasing the most expensive suburbs, the auctions are bilingual in Mandarin and English, and the majority of Chinese owners of high-rise buildings in China, the Weekend Australian Business Review reported.　　Some real estate agents have a Chinese web site, and some of Melbourne's famous campus estate agents to Shanghai to work with local real estate agents to introduce buyers. At least 5 of the high-priced rooms handled by 10 million of Australian dollars were bought by Chinese buyers, according to a broker at a two-bay estate agent in eastern Sydney. One Chinese buyer, Mei, a businessman, threw 32.4 million Australian dollars to buy the late Reif mansion.