Australian federal government measures to rein in soaring property prices by slapping additional charges on foreign owners are failing to have the desired effect, as buyers from Hong Kong and mainland China continue to purchase properties along the eastern seaboard. Photo: AFP

Buying frenzy: Hong Kong and mainland Chinese interest in ‘cheap’ Australian property shows no sign of letting up

Topic |   Weekend Property

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Australian federal government measures to rein in soaring property prices by slapping additional charges on foreign owners are failing to have the desired effect, as buyers from Hong Kong and mainland China continue to purchase properties along the eastern seaboard. Photo: AFP
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