Thursday, December 9, 2010

Chinese insurance companies and sovereign wealth funds expected to buy up Australian real estate

Overseas funds ready to snap up our real estate

COMPETITION for core Australian real estate could toughen.
Chinese life insurance companies and new sovereign wealth funds are looking to include property in their investment portfolios, The Australian reports.

Buying into an elevated market . . . caught up in the mania or very concerned about inflation? That would have to be very very concerned to make up for paying nearly double.

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