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Lady Penny

13,120 Posts.

95

17/07/18

18:20

Post #: 34401714
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Originally posted by nosirommit ↑

Nope we are talking about the same thing.
Do you think China Towns historically were set up by large entities?

The Chinese people understand business and investment much more than Australians, so do the Indians, they have both been doing it for millennium.

As kingpins pointed out, modern Chinese people want to own property in safe, prosperous countries like Australia.
IMO they are not going to give up this property on the off chance it will lose value in the short term, as they (and most educated people) know that over the long term, well located property is a finite resource and will increase over time.
So why would they buy it, pay the associated taxes and fees only to sell it, pay more fees etc, only to want to buy it back again in the future for potentially a higher price? That is truely short term thinking, the like that gets people into investment trouble. Property is a long term game, it is not the share market. If you don't get that, you will not succeed with it as an investment.

Off the plan is a different issue, I agree that this could create a negative view of Oz property for potential future purchases. No one likes the rules being changed halfway through the game.
But I do not agree that it would be a catalyst for current owners to sell.

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Interestingly, this popped up today.

Have a read.

http://www.dailymail.co.uk/news/art...ccess-powerful-figures-fast-tracked-visa.html
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