but, but, but the foreigners are mainly buying in the inner suburbs, they are cashed up buyers, the Bank of China now has offices in the capital cities to cater for their demand.
Since when did FHB's have to be able to buy the best properties, in the best locations ???? It has never been that way, and never will. They buy out in the cheaper suburbs when they are young, then as their careers progress and the extra money rolls in, they upgrade, they can get to the inner suburbs in the end, when they are on par like the rest of us.
The foreigners are not competing against FHB's.
there are plenty of affordable houses out there below $300k's or 5 times the BASIC WAGE
I note RP Data had listed over 439 suburbs nationwide, where it is cheaper to buy than rent....it was in the news yesterday..
*** my first post with the articles by the property people, just goes to show they really do know what they are talking about, their articles are vindicated today.
I could have got the same information from the FIRB site regarding the massive interest in Australian property.
For those who hate the property people's view, it just might pay to take a teensy bit of notice, versus the steve keenes of this world, who told you to wait for the 50% price drop, If I had listened to the scammers, who make their money from Fear, I would be rather angry by now, they got it so wrong, and even more are priced out of their prime location, that they expected to pick up for nix.
