For the second year in a row, the Sydney Property Expo, targeted at local Asian buyers, was a sellout despite the cooler residential market.

Local migrant Chinese buyers looking for homes and investments topped the list of attendees at Sydney's Town Hall. Real estate agents and property marketers exhibiting said the number of migrants looking for property increased this year, while foreign interests were minimal.

There were also many Chinese students looking for homes and, despite reported capital controls in China, agents said they did not have a problem committing a deposit for an apartment, the most popular choice of purchase.

For the second year in a row, the Sydney Property Expo, targeted at local Asian buyers, was a sellout despite the cooler residential market. Nic Walker

"There's always ways to get the money out," one Chinese real estate agent who did not want to be named said.

"Once they get a contract for a home in Sydney, they will use a lawyer and usually a money exchange service to get the money out."