i sense, rightly or wrongly, there is also alot of foreign investment in the Australian property market
for example, in Sydney, many wealthy Chinese families in China, Indo, Malay, Taiwan, etc send their children to university
they often buy real estate and, for the most part, do not even rent their houses
not a good thing for Aussie society, keeping rents & property prices high, but it seems like a factor McWilliams did not mention
Australia is only a small countries with how many properties? ten million?
how many very wealthy entities in SE and East Asia looking to park their wealth were it seems safer?
?
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david mc williams on australia, page-5
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