Jump to content
House Price Crash Forum
Sign in to follow this  
The Masked Tulip

Australia Cracks Down On Foreign Property Buyers

Recommended Posts

Too little... too...

The bid to crack down on money illegally flowing into Australian real estate comes amid growing public concern that wealthy Asian investors are bidding up prices, making the country's property market increasingly unaffordable. House prices in Sydney alone have risen 14.5% in the year to April, according to property-data provider Corelogic RP Data.

http://www.marketwatch.com/story/australia-cracks-down-on-foreign-property-buyers-2015-05-03?link=MW_home_latest_news

Share this post


Link to post
Share on other sites

Doesn't this work for the government though?

The Chinese buyer needs AUD and they only have CNY. If so, don't they exchange CNY for AUD to buy their grossly inflated house, but the CNY (that Australia now has) can then be used to offset all the cheap drills and toasters they have imported from China?

Is this, not the way it works, aren't we giving over parts of our country for Cheap items that will only last 18 months? While paying welfare to our own people to do nothing? Really?

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Next General Election   90 members have voted

    1. 1. When do you predict the next general election will be held?


      • 2019
      • 2020
      • 2021
      • 2022

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.