Loss of Chinese buyers: final straw for Australia’s property market?

Australia’s property market, like many others around the world, has been hit by the coronavirus-induced economic downturn. But for its two largest cities, Sydney and Melbourne, Covid-19 is only part of the problem. In these cities, a mix of stresses that include falling immigration, disparities in supply and demand and a decline in foreign investment due in part to tensions between Beijing and Canberra, are fuelling fears that the worst is yet to come. For the past two decades, Australia has…

Read the original article at South China Morning Post