australia for sale, going, going . . . . . , page-5

Goodie you are obviously making an ignorant statement and haven''t read this article. I suggest you read it before making a comment.

My previous statement was not a theory, but an economic fact!

Here are some excerpts from the article to simplify matters for you.

Noel Jones director David Gillham (pictured) said overseas buyers have become very active since the Australian dollar started dropping in value two weeks ago.

Melbourne property market's last hurrah before school holidays and the dormant winter market resulted in another strong 71 per cent auction clearance rate amid signs the low Australian dollar could be drawing in overseas buyers.

''They're getting nearly a 10 per cent discount just bringing their money into the country,'' Mr Gillham said.