Chinese investors are often blamed for Australia’s escalating house prices but a number of factors might mean the demand will drop off in coming years.
On the Sunshine Coast development has destroyed a great deal of the beautiful natural surroundings that attracted people there in the first place. Native animals are being cruelly decimated by starvation and exposure.
Developers seem animated by greed alone, machinally moonscaping lots when buyer uptake has dropped to 1996 levels in Australia, despite constant mass immigration. The developer lobbies have not been able to restimulate demand, even by touting for overseas immigrants and selling property to foreign investors off the plan. (That doesn't stop them charging huge fees for membership.)