The property sector in Melbourne soared during a five-year boom between 2013 and 2017, when home prices rose as much as 70 per cent, but interest has since waned amid turmoil and the coronavirus. Photo: Shutterstock The property sector in Melbourne soared during a five-year boom between 2013 and 2017, when home prices rose as much as 70 per cent, but interest has since waned amid turmoil and the coronavirus. Photo: Shutterstock
The property sector in Melbourne soared during a five-year boom between 2013 and 2017, when home prices rose as much as 70 per cent, but interest has since waned amid turmoil and the coronavirus. Photo: Shutterstock

Chinese homebuyers shun Australian market as coronavirus, political tensions take toll

  • For years, mainland Chinese residents were the top foreign purchasers of housing units in Australia, leading to a boom that has since abated
  • While mainland buyers have retreated from the Australian market, many are expected to return if conditions eventually improve

Topic |   China-Australia relations
The property sector in Melbourne soared during a five-year boom between 2013 and 2017, when home prices rose as much as 70 per cent, but interest has since waned amid turmoil and the coronavirus. Photo: Shutterstock The property sector in Melbourne soared during a five-year boom between 2013 and 2017, when home prices rose as much as 70 per cent, but interest has since waned amid turmoil and the coronavirus. Photo: Shutterstock
The property sector in Melbourne soared during a five-year boom between 2013 and 2017, when home prices rose as much as 70 per cent, but interest has since waned amid turmoil and the coronavirus. Photo: Shutterstock
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