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Read something about Chinese DAMA during lunch break…
Sorry my computer can’t read and write in Chinese.
Home prices in Sydney could rise by as much as 10 per cent over the next 12 months, driven in part by unprecedented levels of Chinese demand, according to McGrath Estate Agents.
As much as 80 percent of homes in parts of Sydney are being sold to Chinese buyers…
Also official figure about Eastwood…
At a recent property auction in Eastwood, 17 kilometres (11 miles) northwest of Sydney’s city centre, all 38 of the registered bidders were Asian, McGrath said. The three-bedroom house with a double lock-up garage and two sun rooms opening on to the back yard, sold for $2.39 million, more than $1 million over the reserve price, after 62 bids by eight hopeful buyers, according to the agent.
Read more here:
http://au.pfinance.yahoo.com/mon ... sydney-homes-soars/
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