And we keep pumping in the people too, wake up Australia …
Many Australians have fled the Sydney Choke for South East Queensland allowing more Vibrants to take their place …
Only to find a huge foreign influx permeating the Gold Coast!
-Chinese buy up Investment Properties on Gold Coast
AND THIS IS NOT UNLIKE the Chinese City of CHATSWOOD that radiates out across the North Shore, and the North Western suburbs of Sydney!
-Chinese to Build new $1Bn Gold Coast City
Vast sugar cane lands on the northern tip of the Gold Coast have fallen into Chinese hands in a $1 billion-plus deal that could see the rural landscape transformed into a new city by a Chinese theme park entrepreneur.
Chinese company Songcheng Performance Development is striking the deal to give it control over a giant swath of land in the Norwell Valley between Brisbane and the Gold Coast
-Chinese Buyers are back and on a Queensland spending spree
Including a $7M cash buyer …. No AML L to stop ‘em!
-Chinese investment in Queensland on the rise once again: Brisbane and Gold Coast hotspots
The property sector is experiencing a real surge in Chinese buyers. Within the last financial year, foreign investors snapped up $2 billion worth of property in Brisbane and $1 billion on the Gold Coast, with nearly one-third of these offshore investors being from China.
Looking at the state as a whole, Chinese investment in Queensland is up 244% compared to three years ago, which correlates significantly with an increase in intake numbers for Chinese students into Queensland universities.
CAAN: Student Visa and real estate investment the entry point to gain Permanent Residency …
-Why Chinese Buyers are looking for property in these Gold Coast Suburbs
Water restrictions on the radar for South East Queensland as dam levels drop
5 SEPTEMBER 2019
Almost a decade has passed since South East Queensland experienced extreme drought conditions, but the region’s water authority has warned falling dam levels could see water restrictions return as early as next year.
- Wivenhoe Dam is down to just 53 per cent, the lowest level since the Millennium Drought
- The average south-east Queenslander is currently using about 186 litres of water per day
- The BOM says dry spring forecast, same as last year
The region’s combined water grid capacity is currently sitting at just over 65 per cent, with Wivenhoe Dam, north-west of Brisbane, down to just 53 per cent.
Seqwater spokeswoman Sophie Walker said this was the lowest it had dropped since the Millennium Drought, where from late 1996 to mid-2010 much of southern Australia experienced dry conditions.
*”We saw a hot, dry summer, we saw consumption of water almost increased to around 30 to 40 litres across the region,” Ms Walker said.
The average South East Queenslander is currently using about 186 litres of water per day but that number is expected to climb coming into the warmer months.
Ms Walker said there was still “a way to go” but if dam levels continued to plunge, water restrictions would need to be considered.
“Broadly looking at towards the middle of next year, that we would see our combined dam levels around the 50 per cent mark and that’s where we would consider mandatory restrictions,” Ms Walker said.
“We’re really looking at this wet season to understand whether we’ll see rainfall back to what we usually see during the summer months.”
Another dry summer ahead
The Bureau of Meteorology (BOM) has predicted the region would get lower-than-average falls during spring.
BOM climatologist Jonathan Pollock said the south-east was also expected to experience the same dry conditions seen this time last year.
“We’re likely to see a drier-than-average spring and at the same time, it’s very likely we will have warmer than usual days and nights,” Mr Pollock said.
He said there was only a slim chance the dry conditions would not eventuate.
“There’s roughly a one-in-four chance that you’ll have a wetter than normal season,” he said.
Ms Walker said now was a good time for residents to start thinking about their water usage.
“I think there’s an understanding of the importance of being water-wise, particularly during dry times and during drought … but before we get to there, we want people to be as water efficient as they can be,” Ms Walker said.