People in China are spending nearly $8m a day on Australian property – vastly more than buyers from anywhere else in the world – but the true levels of real estate purchases by foreigners are likely much higher, a leading expert claims.

Victorian taxpayers are facing potentially billions in damages and a massive hit to its title as the nation’s sporting capital after it sensationally cancelled the Commonwealth Games citing mounting cost blowouts.

Teal indpendent Zali Steggall is under pressure in her own electorate, according to internal Liberal party polling seen by The Daily Telegraph which suggests voters have been turned off by the federal MP’s anti-nuclear stance as well as her failure to deliver government investment to the area.

The Qld state government is being urged to make a minor change to its planning regulation to spare investors being slugged up to $80,000 in council fees and potentially blocking the creation of hundreds of affordable homes.

A SA government spokesman said that while the decision will be “deeply disappointing for athletes and supporters of the Commonwealth Games” the government will not put its hand up to host.

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