Do China people have permanent residency when buying a house in Sydney?

Hello, buying a house in Sydney, you have permanent property rights. But permanent residence requires a permanent residence visa. We call it permanent residence for short, or PR for short, or English green card. There will be PR only after applying for immigration! If you have PR within 4 years, you can apply for naturalization after living in Australia for 3 years. Become an Australian citizen. Of course, you must cancel your China citizenship at this time. Therefore, many China people who have property rights or companies in China will always hold green cards and have no intention of naturalization. In addition, if you are naturalized and hold an Australian passport, it is also very troublesome to apply for a Chinese visa every time you return to China.