Chinese property buyers are grossly understated macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
Auctioneer Tom Panos said recent estimates that Chinese buyers were snapping up $8million of Australian property every day was conservative and that the amount spent was actually a lot higher .
One of Australia s leading auctioneers has said good riddance to Philip Lowe, who will step down as Reserve Bank of Australia governor when his term ends in September.