Up to $1 billion in dodgy money from China appears to have poured into the property market in Australia over the past financial year, raising fresh concerns about the scale of illegal purchases of Australian property by Chinese foreign buyers.

As reported in The Australian, data contained in the 2015/16 annual report of the Australian Transaction Reports and Analysis Centre (AUSTRAC) shows that in total, $3.3 billion worth of transactions were reported to the organisation in that year – around $1 billon of which has gone into foreign property transactions….