Parramatta. Wealthy Chinese interest in city

Sydney’s eastern suburbs and the lower north shore were favourite locations for wealthy Chinese home buyers, though there was also significant interest in large homes in the Parramata area, according to Raine and Horne’s Stephen Lee, in The Sydney Morning Herald. He said interest from the Chinese mainland had picked up by about 15 per cent at the beginning of this year. Agent, John McGrath, said in his Market Review for Winter 2009, that increasing enquiry & purchases from Hong Kong & Chinese buyers.