How Australia has become a Haven for ‘Hot Money’ …
APART from all those Aussie Homes that don’t get to be listed on Domain or RealEstate.com …
where the neighbours have not seen a ‘For Sale/Auction’ Sign … but then the removalist turns up!
And home buyers and First Home Buyers wonder why there are so few homes advertised for sale?
Because it’s now been revealed … as we long suspected … that they have been sold online or through a Proxy here to High Net Worth, Ultra High Net Worth and Middle Class foreign buyers … seeking Permanent Residency in Australia for their extended family!
SO it now appears why some in the property sector have been so smug and repeatedly blaming the low interest rates and government grants alone for pushing up house prices.
EG Advisory managing director Shane Geha reckons that buyers should not hold out for the housing bubble to burst. And he predicts with dwelling prices having already increased by 20% in the past 12 months that there will be another 10% increase before year’s end!
Geha reckons that it is the Expats alone are coming back with Millions $ to settle or invest back in Australia with so much cash … and that Australians have found plenty of extra pocket money during the pandemic ... despite many on low wages … and how many thousands having lost jobs!
Sadly what more could we expect from Geha and Murdoch Family’s News Corp?
DESPITE the Four Corners programme on Sunday, 3 October 2021, ‘The Pandora Papers’!
READ this from The Saturday Paper!
‘Pandora’s Box of Tax Dodgers’
‘Real Estate Corruption Exposed’
SEARCH CAAN WEBSITE for more info about:
-the range of Visas including Family, Parent, Grandparent, Guardian etc;
-the second tranche of the Anti-Money Laundering Laws exemption for the Real Estate Gatekeepers (real estate agents, lawyers and accountants)
-buyers from Hong Kong and Singapore