The Australian real estate industry is increasingly becoming the hardest hit area for Chinese mainland buyers to "launder money"! 】
The reason is that Biden announced on December 11, 2021, that 12 U.S. jurisdictions require title insurance companies to file reports to identify those who have all-cash real estate deals worth $300,000 or more.
For a long time, the darkest corner of the U.S. real estate market has been that shell companies have bought high-end real estate in full cash transactions after covering up the real identity of buyers.
After investigation, most of these people are Chinese buyers, and the US government is not allowing Chinese buyers to buy houses, but because most Chinese buyers are suspected of having huge assets of unknown origin, that is, they are "laundering money!" ”
Recently, in the fierce investigation of Chinese buyers that began in 2016, Americans found that these Chinese buyers are already fleeing the United States, and their new target is Sydney, the capital of Australia.
On 22 February 2022, a rooftop mansion with a swimming pool in Sydney, Australia, was sold for $62 million, becoming the sixth most expensive home in Australia, and the new owner was an uninformed Chinese buyer.
The residence is known as "Ganeden" and is located on a 2,400m2 plot of land in Vaucluse, East End. In addition to the stunning harbour views, the mansion boasts three kitchens, a garage for 20 cars, 7 bedrooms and 13 bathrooms. Two swimming pools, indoors and outdoors, as well as a cinema, gymnasium, two internal elevators and a separate function centre.
Ganeden's former owners are renowned lawyer John Landerer and wife Michelle, who put the property for sale in June 2019. Domain reported that the exact transaction price was unclear, but sources said it was above the asking price of $60 million, and the buyer is believed to be from China and has been following the property for more than a year.
Ganeden is also best known for la Mer, which is adjacent to James Packer, which sold for $70 million in 2015, the fourth most expensive home in Australia.
Landerer had received an offer of $62 million long before the house hit the market in 2016, but the deal didn't work out.
Point Piper's $100 million property is currently the most expensive property in Australia. In 2018, Atlassian co-founder Mike Cannon-Brookes became the new homeowner.
However, the very strange thing is that there are no Chinese buyers staying. Obviously, the purpose of buying a mansion is not simple.
Chinese real estate buyers are increasingly becoming a cancer in the world.
