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After a UBS housing report pointed to as many as one in four homes owned offshore by mainland Chinese buyers being kept empty, and a further quarter used on a "temporary" basis, experts have been quick to say the results do not apply to Australian real estate . Among the naysayers is Jane Lu, head of Australia for Chinese international property site Juwai . She said there was "no hard data" and called the idea of vacant apartments held by offshore buyers as an "urban myth". "Most Chinese buyers of inner- city apartments are not so wealthy that they can afford to leave their property vacant ??? rather than renting it and earning some sort of income. There are some who do not live there full-time, because it is their second home. " Chinese investors are no more likely to turn down easy rent money than are Australians ... Australian second-home owners probably have more vacant properties in Ballina and Byron Bay than Chinese investors do...

Mack- Cali Realty Corp . (NYSE:CLI) Q2 2017 Earnings Conference Call August 03, 2017 08:30 AM ET Executives Michael DeMarco - President and Chief Executive Officer Anthony Krug - Chief Financial Officer Marshall Tycher - Chairman of Roseland Residential Trust Analysts John Guinee - Stiefel Manny Korchman - Citi Jamie Feldman - Bank of America Rob Simone - Evercore ISI Vincent Chao - Deutsche Bank Operator Good day, everyone, and welcome to the Mack- Cali Realty Corporation Second Quarter 2017 Earnings Conference Call . Today's call is being recorded. At this time, I would like to turn the call over to Michael J. DeMarco, President and Chief Executive Officer . Please go ahead, sir. Michael DeMarco Thank you, operator. Good morning, everyone, and thank you for joining the Mack-Cali's second quarter 2017 earnings call . This is Mike DeMarco, the CEO of Mack-Cali. The lovely day in a waterfront, sun shining. I'm joined today by my partners Marshall Tycher , Chairman of Rosel...

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