This is all very well but how are they going to enforce the rules? They have never enforced them previously because they say they are unable to get the data and have no staff to do the job
Also the story does not make any sense. Who pays the Application fee? It would appear that the people who pay the fee are non Australians so of course the fee therfore by-passes the rules, therfore if you pay the fee you can buy as many properties as you like?
If you do it in secret and don't pay the fee you can be fined
This in effect means that those 10 million people in China who want to buy a property in a nice place like Australia can increase their buying price by 0.1% of the purchase price and buy as many properties as they like
Maybe I will get a real estate licience and learn Manderin because the flood gates have been opened
Do these people ever turn their brains on before they come out with these great schemes
Maybe the whole point is that they want to throw the Real Estate market wide open and think the public will not notice in which case who are these people in Canberra working for it is not you and I
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- Goodbye Chinese buyers
Goodbye Chinese buyers, page-3
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