A Few Words on Su-Lin Tan’s ‘Chinese Buyers Abandon Australia’s Housing’

Residential housing in Sydney. Home prices in Australia are booming again, despite a drop in the number of Chinese buyers. Photo: EPA

Photo: EPA

IS it a case of collective amnesia that we keep deleting from our understanding that somehow we ought apologise for being in any way critical of a Communist dictatorship?

And those that uphold it, and defend it ought to be immune from any criticism?

How is it we are having to defend our position
as one of the majority of countries that happen to be liberal democracies?

How is it our media and our political system are inherently wrong?
  And how dare they be cynical of so-called ‘investment’ in Australia’s domestic real estate when in such totalitarian countries it is prohibited?

Monika Tu, founder and director of Black Diamondz Property, whose clients are mainly Chinese citizens with ‘Australian residency’ working and living abroad, predicts that when the borders open they will flood back in … some are seeking $10M home. 

But will they be seeking our detached homes with large land lots in green suburbs too? Hm …. Will they be coming from China, Singapore, Hong Kong, the United States, Canada, and the United Kingdom too?

Once again the ‘exchange rate’ is in their favour!

And, they are seeking larger apartments to live in, to retire in Australia, or to send their children to study. 

Martin North, Digital Finance Analytics, also notes ‘there’s been a swing away from foreigners looking to invest to people wanting to move here.’ And that they are more interested in buying land and larger properties!

Why is every criticism labelled as a racist attack?  When what is happening in Australia is a Ponzi Scheme!

Besides how can the democracies be criticised when what is happening in Tibet and Western China somehow is okay?

Then there are these local academics having their say, well where’s the proof?  Where is the peer reviewed data?

Are we witnessing those locked in to a university business model currying favour with their patrons and overseas contacts in the hope the foreign student money making machine returns to their campus rather than elsewhere?

Further, these articles critical of foreigners buying Australia’s domestic housing are also being critical of OUR GOVERNMENT for allowing it to happen!

What country could justify the purchase of housing by foreigners over their own people?

Some of us remember an Australia before the high immigration through Visa Manipulation introduced by the Howard Government when we had 70 per cent home ownership for Australians!!!  Our housing was not sold overseas, and we had sustainable permanent migration of 70,000 per annum!

Does the reader get the impression this article from Su-Lin Tan is attempting to justify a view that there is a sense of entitlement prevailing? 

That those from the Middle Kingdom should not be faced by any impediment if they choose to buy housing in Australia?

Heaven forbid should an Australian wish to buy housing over there – it simply won’t happen!

This belief in being ‘special’ is there too, and that is mainly our fault, or at least a reflection of the stupidity of our policy makers.

It did not apply to them !!!!!

Of course, we are going to see more articles like this, pouring scorn on those who dare to challenge what is happening to our domestic housing market, but this is what we do here, they don’t over there!

Besides what ‘country’ would be defending those who are leaving, and spending their money elsewhere?  Could it be it is part of a bigger plan? *

WE suggest there is more to this than meets the eye!


Su-Lin Tan joined the Post in 2020 after the Australian Financial Review where she covered housing and commercial property, Asian business and street talk and investigations.