And then it seems from this article that all is not revealed about what went on pre Covid-19!

Through visa manipulation a vast range of temporary visas allowed the holder to buy Australian Real Estate to gain a Permanent Resident Visa!

And with a mere 160,000 permanent migrants outnumbered by Temporary Visa holders, for example, in May 2019 their numbers surged past 2.3 Million

And many were lured here esp. those from our Big Neighbour to the North when they bought our real estate to gain a PR Visa and Medicare benefits!

Further, the property sector esp. over the past decade were unable to build the supply to keep up with the ‘foreign demand’ for our housing which may also explain why much of our housing was poorly constructed …

AGAIN it would seem the property media is spinning … somewhat … in saying that ‘the large majority of temporary migrants will not be purchasing a home in Australia; they rent’

BECAUSE those seeking to buy a ‘new home’ can do so on line through e.g. Juwai and gain a ‘PR Visa’ … they are no longer on a Temp. Visa …

This PR Visa has long been the lure.

They can also purchase through a Proxy Buyer, they can buy several homes, and they can launder ‘black money’ in our real estate because the Real Estate Gatekeepers are exempt from the second tranche of the AML legislation!

Martin North has said there will be a 30 to 40% fall in apartment prices due to the collapse of this Ponzi …

Who were all these high-rise apartment precincts scattered all over Sydney built for? … cough … cough … this high-rise demand was not there prior to the Visa manipulation that has taken place …

WILL there be an opening for a return to building homes for aspiring Australian First Home Buyers? That would boost our economy …

Read more from the Property Spin then search CAAN WEBSITE to learn more!

https://bit.ly/3i4vwK5

CAAN WEBSITE:

https://caanhousinginequalitywithaussieslockedout.wordpress.com/