CHINA IS BACK IN BUSINESS AHEAD OF THE WORLD … AND CHINESE PROPERTY BUYERS ARE BACK IN AUSTRALIA … further confirmation from this report on ‘A Current Affair’
CAAN has been sharing the truth with you through Expert Reports since November 2014 …
NOW it appears it has taken the frightening consequences of the WUHAN PANDEMIC … to bring home the message to our politicians and even some of those who have prospered so much from Chinese buyers in the Australian Property Market …
WHAT will it take for the Morrison Government to implement and enforce the second tranche of the Anti-Money Laundering Laws for the Real Estate Gatekeepers?
-having exempted these gatekeepers in October 2018
WHEN the ‘flying pegasus’ presents a major security and financial risk to Australian Society … ?
ASK why has it taken so long for NINE … a major media network to tell it as it is?
CAAN will go even further than the closing comment of Robert Klaric, Real Estate Industry Advisor especially concerning Chinese property buyers …
‘They have a lifestyle, they have freedom, and they can protect their wealth from the CCP, from the Chinese Communist Party.’
Because the CCP controls all its citizens … it has been so easy for the Party not having to conduct military warfare but simply for Party members to arrive on a Flying Pegasus … in a Silent Invasion … and buy Australia’s National Estate … who can we thank for this?
Who has had the greatest hand in this?
Also view these related articles:
‘Juwai predicts Chinese Investors remain keen to buy Australian property: Are they seeking cheaper prices?’
‘How benevolent of Chinese Buyers to scoop up Australian Housing: This is aside from Ambassador Cheng Jingyes threat?‘
TRANSCRIPT: FOREIGN BUYERS: ‘THEY’RE BACK’: A CURRENT AFFAIR
As our borders closed, local house-hunters thought the competition would ease. And It did for a while. But foreign buyers with deep pockets are back. #9ACA
Brady Halls, Reporter: Estate Agent James Crowe is finally back doing what he does best. (Morton Real Estate)
And Nicki and Jay have been chomping at the bit to get back into the race. The couple have been house hunting for a year now, and the Covid shutdown made their search even slower.
Nicki: It did a lot, a lot of the properties actually dropped off the market we saw; so things that we had been watching to see the prices fall were no longer on line.
Halls: But now another obstacle has popped up.
(Chinese buyers occupying auctions)
Nicki: We don’t need any more competition than there is already. We want to find something as soon as possible before the rest of the World!
Halls: And that competition is coming from where Covid began!
Lulu: We are actually busy.
Michael Pallier: Yeah, we just sold this house to a Chinese buyer, and they specifically bought it to use when they are not in China. *
Georg Chmiel, Executive Chairman at Juwai-IQI: China is back in business much earlier than the rest of the World.
Pallier: (As he looked over a balcony he indicated to Brady Halls)
New Chinese owners there, Chinese owners here, and the whole of this area is, you know, Chinese population.
Robert Klaric: What we will see is that the wealthy mainland Chinese will look towards Australia now to secure their wealth and secure their health*
CAAN: As shared previously with you … when foreign buyers buy our residential property they can gain a ‘Permanent Resident Visa’ with MEDICARE benefits thrown in!
And through Visa Manipulation, and able assistance from Migration Agents they can access a vast range of Visas including: student, investor stream, Family, Parent, Grandparent, and Guardian … the whole Family Clan may come to Australia!
Halls: Chinese money is starting to flow back into Australian property.
These new apartments in Sydney and Melbourne have reportedly seen unprecedented sales and enquiries from wealthy Chinese taking advantage of our Covid-19 affected real estate market.
Chmiel: Chinese enquiries were only down 14% in the first quarter versus 40% for local buyers so much, much less than the local buyers.
Halls: Georg Chmiel is from Juwai, a Chinese property portel. So the demand from China has not fallen?
Chmiel: Definitely for a number of reasons on the one side Australia managed the Covid crisis really well; Australia is very attractive for students, investors and retirees, and also the market, the Australian property market is very resilient.
Halls: Michael Pallier and wife Lulu from Sotherby’s Realty in Sydney’s east vouch for that.
Michael Pallier: We have had quite a bit of interest from people from Asia.
Halls: This apartment is generating much foreign interest. And he sold another one below to a Chinese buyer only last month.
Pallier: They can’t get enough of it – clean air, clean food, great education, safe environment … it’s, it’s paradise for them.
Halls: What’s the appeal here in terms of Aussie property?
Chmiel: Chinese buyers like Australian real estate especially over UK and US real estate given the Covid Crisis has hit the UK and US much, much stronger.
Klaric: A lot of the mainland Chinese are seeing this as an opportunity to exploit a great deal because that’s what they are going to see in a property market for the next six months.
Halls: Robert Cleric is a real estate industry adviser, and he has had his share of dealings with Chinese buyers now keen to buy up our properties during this Covid crisis which he says has seen prices drop by ..
Klaric: Probably seen 10% during this period
Halls: And then there’s been the fall in the Aussie dollar making our property far more attractive to overseas buyers.
Chmiel: That’s absolutely true. It’s the Australian dollar is down 10% against some of the currency so that’s a nice buffer which people can include in their budgets.
Halls: Lulu is fielding many Chinese inquiries ..
Lulu: Yes, there’s always demand.
Halls: On this house with its lovely harbour views –
Lulu: And the Chinese people will always like Australia.
Halls: And across town James at Morton Real Estate is much the same.
Crowe: We have got lots of those clients who are certainly still in the market, and still keen to buy.
Halls: This three-bedroom terrace he is marketing just walking distance to the city has caught the eyes of both domestic and international buyers prompting frustration from this local onlooker.
Australian Buyer: The Australian property is treated as an investment not as somewhere you live; so unfortunately that has affected the market extensively.
Halls: Robert Cleric believes it’s time Australia didn’t sell its property but long term leased it like Asian countries do.
Until then he says Australia offers Chinese buyers a wonderful security blanket.
Klaric: They have a lifestyle, they have freedom, and they can protect their wealth from the CCP, from the Chinese Communist Party.
SEARCH FOR ‘FOREIGN BUYERS THEY’RE BACK’ ON ‘A CURRENT AFFAIR’ 12 MAY 2020
(NINE A CURRENT AFFAIR LINK BLOCKED!)
VIEW A SHORT REPORT FROM BRADY HALLS: