A property developer in Sydney has sold more than 50% of it’s apartments in just a few hours.
230 apartments were secured, 20% by overseas buyers.
However, economist Chris Richardson has commented that this may not be a good investment and expects a shakeout in the property market, due to the possibilty of rising interest rates in the future.

Chinese buyers snap up 230 of Park One’s Macquarie Park apartments in hours – Daily Mail