Property Investment – Australia – No foreigners, mate

A new survey shows a majority of Sydney residents are opposed to foreign property ownership after a surge in Chinese purchases and skyrocketing prices By Helen Clark A new University of Sydney report published in the Australian Geographer journal shows that a majority of Sydney residents are opposed to foreign property ownership, as prices in … Continue reading Property Investment – Australia – No foreigners, mate

London – world No1 property market

The lure of Brexit bargains saw investors from the Asia splurge on real estate, with Tokyo also regaining a top five slot By Ben Richardson London retook New York’s spot as the world’s hottest center for real estate transactions in the first quarter as investors – especially from Hong Kong and China – swooped onto bargains … Continue reading London – world No1 property market

HK to raise home purchase stamp duty to 15%

  By Oswald Chan HONG KONG - Chief Executive Leung Chun-ying is taking additional steps to cool the world’s costliest property market - where prices have rebounded after a short-lived dip. On Friday, the government raised stamp duty to 15 percent for all residential purchases, except for first-time homebuyers who are permanent residents, effective on … Continue reading HK to raise home purchase stamp duty to 15%