The Asians have cash, and they are spending it on Aussie housing. They can also get a quick visa of they spend $5 million. They have been buying up in Syd and Melb, or do you exclude them from the housing market. I really don't give a toss anymore. I lost my reasons for investing and making money for the future. Death in the family 2 years ago changed everything.
An elderly neighbour passed away a couple of months ago, the kids have their parent's old house on the market. Unbelievable I had a peek at the weekend, an inspection, you should see the crap that does not show up on the fancy photos on the net. It is a demolition job, but they have literally a full house of inspections that run for more than an hour or more to accommodate the crowd. All the would be buyers are young.
