Chinese buyers abandon Australia’s housing market, still get blame for rising prices

At an auction of a house in the affluent Sydney suburb of Chatswood in 2015, a group of protesters stunned prospective bidders when they turned up with placards decrying foreign homebuyers.“Keep the Aussie dream alive,” the signs said. “We don’t want your dirty $$”.Earlier that year, residents of another affluent Sydney suburb, Lane Cove, were shocked to find in their letterboxes fliers titled “Stop the Chinese Invasion” blaming Chinese property buyers for pushing up home prices while claiming…


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