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Down Under, property not always a thunder

By Yu Ran in Shanghai | China Daily | Updated: 2016-08-16 07:48

Yao Lisha, 38, lives with her family at a villa in suburban Shanghai, and has invested in Australian properties. Now, she is desperate to ensure her investments do not lead to losses.

She runs a trading company with her husband in Shanghai. In 2014, she was persuaded by a friend to buy an 88-square-meter apartment in Brisbane, Queensland. Just 10 percent of the full amount of A$615,000 ($461,954) was down payment plus A$30,000 went towards stamp duty.

She took a home loan from a local lender and started repaying interest every month, hoping it would all come good eventually as possession of the flat was expected to be followed by steady rent.

Down Under, property not always a thunder

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