• Chinese buyers in Australia are increasingly beating other bidders to the punch at auctions – and it’s not just because they have more cash to throw around, according to one leading auctioneer.

James Pratt, director of auctions for Raine & Horne and J Pratt Realty, says the skill set of Chinese buyers at auctions is “absolutely through the roof” compared with a few years ago.

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Chinese Buyers

Chinese buyers have been described as ‘among the most sophisticated’ bidders at Australian property auctions. Photo / Getty Images