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Chinese Investors Keep Pouring Money Into Australian Housing

1496297175_jumpstart australia housing
Photographer: Dave Hunt/EPA

Property-hungry Chinese investors have shrugged off the impact of tighter capital controls and continue to pour money into Australian housing.

Foreign buyers are acquiring about a quarter of new housing supply in New South Wales, and China accounts for about 90 percent of that demand, according to Credit Suisse Group AG analysis of tax office data. Foreigners are buying 17 percent of new housing in Victoria, and 8 percent in Queensland, Credit Suisse said.