A subject which has been receiving reams of coverage of late.
As I noted in my book Get a Financial Grip a couple of years ago, the dollar as likely to eventually depreciate (it now has) and Asian buyers will no doubt come looking at Australian real estate (they have).
But such investors are hardly likely to go researching obscure regional centres or semi-rural towns.
Just as in London, prices will be generally be pushed up in inner city areas, close to universities and similar facilities and infrastructure.
It seems Glenn Stevens thinks the same:
"RESERVE Bank governor Glenn Stevens says that wealthy Asian investors are bidding up Australian home prices, with inner-city areas feeling the greatest pressure - and specialist estate agents confirm it.