Real Estate
China's domestic real estate market has been in decline this year and property developers are battling an "industry winter".
"Going global" has become a strategic move for major developers but where to go is a decision to be taken based on many factors. According to the Sino-Australia FTA, Australia will reduce inspection of private investment from China and this will add credit to Australia as aproperty investmentdestination.
Billionaire Harry Triguboff, the Australian property developer and Australia's fourth-richest man, is in talks with a Chinese company to sell Australia's biggest homebuilder, which he founded more than 50 years ago, Bloomberg reported last month.
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A car drives past a residential block for sale on the outskirts of Mackay city, Queensland state, Australia on June 14, 2013. [Photo/IC] |
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