Selling our children for corrupt Chinese money..... Australia’s new economic model.

[fourandsixpants]

Wealthy Chinese can see the writing on the wall for their own market, so they want to get out and invest somewhere where property prices never go down, and are guaranteed by the state. Welcome to Straya!

http://www.macrobusiness.com.au/2014/09/meanwhile-on-the-bubble-front-line/

Meanwhile, on the bubble front line…

Posted by Houses and Holes in Australian Property at 10:22am on September 8, 2014 | 103 comments

From a real estate colleague of mine in Melbourne:

I just wanted to give you an example of how heated our property market is.

A property a couple of doors down from where I live (Glen Waverley) sold by private sale in early July 14 through Hocking Stuart.

The property was on the market for about 5 weeks before it sold.

The property sold for $1.1 million to an Indian investor – which is overvalued by about 20% – but it is about what you would expect in this market.

After a 30 day settlement the property went up for auction with Ray White at the start of August 2014.

The auction was on Saturday (6 September 2014) and sold to a Chinese man for $1.365 million.

That is an increase of $265,000 or 24% over 60 days.

where's FIRB (the foreign Investor Review Board) ? ...why aren't they policing and monitoring this BS?????

Its easy money, mad money, a gold rush! We’ll all be rich! Abbott guarantees it!

Get in now! Houses are cheap!

They’ll all triple before the coalition are voted out!(sarc)

SPAIN
IRELAND
US
JAPAN
ITALY
GREECE
ETC…
&
A U S T R A L I A

Getting closer.

[fourandsixpants]

“So what?”........

Because foreign nationals buying existing dwellings without prior FIRB approval is illegal.

It is against the law.

All we ask is that the law be enforced.

Is that such an unreasonable request?

[fourandsixpants]

Brian Wilson and the FIRB are very effective at the job they have been specifically chosen by the Treasurer, Joe Hockey to do.

I imagine big bonuses will be the order of the day at the end of this calendar year.....

Both parties- LNP and ALP want a bubble.

Which is why when it all turns pear shaped, the cries from both parties will be deafening.

http://www.macrobusiness.com.au/2014/09/meanwhile-on-the-bubble-front-line/

[earthlypursuits · Accepted solution]

The transition from US (insert adjective here) r-d (2 party stronghold Repulican-Democrat) to Australian (may I use Aussie?) LNP/ALP will take some time, however, it seems the dynamics are so similar it matters not the acronyms.

Big bonuses seem to be universal, mind not the little peoples’ ills.  

Already seems the powermongers are deaf, but what I figger (good ole US-southern) is THEY don’t give a s*** about me.

So, China’s got a stronghold on Australia too?

[fourandsixpants]

then when they have illegally bought all our houses and been allowed to hyperinflate our property market lets sell them our fresh food hub in Western Australia! YAY!.....

Chinese interests have emerged as the likely new owners of the Canning Vale markets if they back State Government plans to develop the site into a major export hub for local produce.

A big Hong Kong-based investment company approached Agriculture and Food Minister Ken Baston about buying the markets - valued about $100 million - and talks with the Government will continue today.

It is believed the company fits the Government's preference for a buyer with retail links into Asia and the capacity to invest up to another $100 million to develop the 55ha site.

https://au.news.yahoo.com/thewest/a/24922035/chinese-link-to-sale-of-markets/

who needs fighter jets ???!!!

We need a competent, law abiding Govt is what we need IMO