Immigration, page-1376

  1. 670 Posts.
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    Let me get this straight.

    So you're telling me, that during the pandemic, Chinese money somehow sneaked past closed borders and found its way into off-the-plan properties/vacant land - the only types of properties foreigners are allowed to buy? And white corporate executives, power couples, and greedy Australians who left for places like New York and London to earn their bazillion dollar salaries and return home because of the pandemic had nothing to do with it?

    Comes back to my comment about how Australians like to invent things to blame when the writing is on the wall: Australia doesn't build enough houses, wealthy Australians and ex-pats with insane cash flows are buying properties everywhere, and migrants seem to be copping all the blame for it.

    You say on one hand all you see is Chinese buyers in Melb, all I saw in Syd was mostly white Aussie buyers competing in auctions.

    https://www.domain.com.au/news/byron-bay-boom-1101206/

    https://www.theguardian.com/commentisfree/2021/oct/17/horrific-for-the-community-confessions-of-a-real-estate-agent-in-priced-out-byron-bay

    And of all places, why one earth would anyone want to buy property in shit holes like Orange and in weird towns like Whitehorse where I live? I can tell you it's not because of Chinese buyers, it's because of wealthy white city slickers blindly buying it online while in lockdown (all my conversations in my town confirm this).

    Sure it's definitely possible to launder money by giving it to someone you know who has an Australian visa - but I'm willing to bet that that's really on the edge and it raises AUSTRAC suspicion and I hope it's getting enforced.
 
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