China made it much harder for money to leave the country in 2017. Our study looked at Sydney home prices before and after that crackdown — and these are the suburbs where we found they changed, writes Song Shi.
We did this by comparing what happened to prices in the suburbs with a high concentration of Chinese owners to what happened in those with few Chinese owners.
We found China's restrictions pushed down prices in what we defined as Sydney's "Chinese" suburbs by around 3 per cent. In contrast, the restrictions had next to no impact on prices in other suburbs. It also remained the case when we took into account other changes in Australian foreign investment rules during the period.ongoing concerns
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