High-Rise Titans allege NSW INC favours Urban Sprawl

A corner captured of Macquarie Park high-rise development …. CAAN photo; December 2021.

Today in a report in the SMH: ‘Developers slam state government for favouring urban sprawl over tall towers’ Urban Taskforce chief executive Tom Forrest alleges that the State Government has presided over a “dramatic downturn” in high-rise approvals and “there was a clear preference for greenfield development”. And defining those opposed to high-rise residential apartment towers as selfish and myopic.

WHO are selfish and myopic?

NOT DEVE-LOPERS who landbank, and per$uade some like-minded councillors to rezone for higher density developments robbing the neighbourhood of its amenity … to build storey upon storey … as high as 40, 60. 70  storeys … to make a motza?

AND market their ‘new homesto South East Asia esp. China, Singapore, Malaysia, India et al?

WHAT would bring about a downturn in high-rise approvals?

That would not be a consequence of high-rise falling down, would it? … Yet despite this so-called downturn more high-rise precincts are underway in Macquarie Park, Carlingford, Epping, Lidcombe, Parramatta and … across the Central Coast. But this Mob always want more … far more …

WHAT are Sydney’s other defective towers aside from the Opal Tower, and Mascot Towers?

To list some that come to mind …

‘Aya Eliza’, 93 Auburn Road, Auburn … its developer, Goldenia Developments, and sole director Merhis has been handed orders to fix its serious defects!

-2 Parramatta apartment towers by developer Merhis Group in the CBD and Hassall Developments issued with a prohibition order

Centenary Park, 81-86 Courallie Street, Homebush West, Sydney.

World Tower by Meriton

45 Bowman Street, Pyrmont, Sydney; cladding

-another high-profile construction group, Ganellen, placed one of its companies into administration , midway through a court battle over defects

Icon Construction Australia (NSW) Pty Ltd was placed into voluntary administration in November.

-Named as a “related entity” to Icon Co (NSW) Pty Ltd, The former of the companies is being chased over alleged defects in apartments it built at Rosebery, Waterloo, Hurstville, Bondi, Lane Cove, Greenwich and Five Dock.

CAAN copies here some Tradie comments about the Building Industry in July 2021 …. we will include them anonymously …

-“I left the building industry when I went to do the underfloor plumbing of a house to find the pad was half poured, when they realized they stopped and tryed to put big foam blocks in in the hope US plumbers and electricians could dig them out and do our services. Vorticon plastic had to be breached it was the biggest mess I’ve seen I feel so sorry for the owners I wish I could have told them. I did one apartment block, when I arrived they showed me a system for sewer that was noise resistant. They showed me the pipe bracketing and I couldn’t understand the concept the pipes were loose in their bracket this could only create noise. A dampener was on the pipe 300mm up from the bracket it was meant to sound absorb but was installed incorrectly. They gave me a brochure on the product and I came in the next day and taught them that the shock absorber was meant to be mounted directly above and on the sloppy brackets acting as a absorber so noise wasn’t transmitted through the bracket fixing creating noise when water went down the stack. They couldn’t believe it they always wondered how it worked and I showed these people who installed this product for 2 years wrong and it passed the plumbing inspectors eyes every time and the building inspector what a joke. They then pointed to the 100 apartment block across the road and said that job was bracketed in sloppy bracket with 2mm play rattling around every time someone used the toilet. Ignorance is bliss my stories could go for ever its embarrassing to be involved in construction.”

-“Being a boilermaker for the past 22 years I can tell you these days the quality is gone, imported junk not enough checking or inspections etc.extremely dangerous and a lot of ticking time bombs all over Australia.”

-“Don’t blame builders, blame poor regulations that allow them to do what they do”

-“To restore buyer confidence in a soft market”. What kind of prescription painkillers allows you to see this as a soft market? It’s still too hard for young people to jump onto the propery ladder, or rather, elevator. Why am i calling it an elevator? Because it’s moving up so fast that old players get better whilst new people can’t get a grip.

-“nobody should be allowed to buy off the plan. people should buy only when buildings are finished and inspected. let us remember those buildings at olympic park and near the airport, the last one built by aland, aland refuses to fix it and people lost millions and millions.”

SO what is the cause of the collapse in housing supply and massive rise in House Prices?

HAS the NSW Government reached its limits with deve-lopers infrastructure of roads, sewerage and fresh water?  What an incredible proposition that this alone is the cause of the collapse in housing supply and massive rise in housing prices? 

APART from government grants, and low interest rates, and increased competition from investors, the PRICE HIKE, of course, has nothing to do with the competition from the overseas marketing, visa manipulation, and Hot Money awash in our real estate … because the Real Estate Gatekeepers are exempt from the Anti-Money Laundering Laws …. cough … cough …  

IS this report from the Urban Taskforce, ‘Standing Tall‘,  to be believed when an earlier report in The Conversation by Jago Dodson: ‘The Carbon Devil in the Detail on Urban Density’ refutes what the UT puts:

Extract:  

“Alan Perkins and colleagues’ work in Urban Policy and Research, for example shows that on per-capita analysis, attached low-rise dwellings perform best in terms of CO2, with suburban and high-rise successively worse.

Such patterns arise because any valid assessment must account for all energy use. This includes energy ’embodied’ in a building during construction, plus energy used in ongoing operations. While residents of detached houses use high levels of energy to get around, because of their greater car reliance, their overall energy use per capita tends to be lower than high-rise residents.

This is because detached dwellings can consume less embodied and operational energy and that use is divided among a higher average occupancy rate (detached dwellings generally house more people than apartments).

The relationships between building type, urban form and CO₂ emissions become even more complex when income – or “lifestyle” – factors are included in the analysis. But it seems that high-rise urbanism exacts a high carbon cost.

The Australian carbon consumption atlas, prepared for the Australian Conservation Foundation by Chris Dey of the University of Sydney and colleagues, provides a striking illustration of this pattern.

Their work shows the highest per capita residential environmental consumption occurs in the higher density inner urban areas of Australian cities. The 37 tonnes of total CO₂ consumed per person each year by downtown Sydney residents is, for example, more than double the 16 tonnes produced by residents of Blacktown. There’s a carbon devil in the detail on density.

Such findings fundamentally confound the simple “high density good, low density bad” assumptions in current debates. High-rise apartments are far less of a solution to our urban environmental challenges than the prevailing consensus suggests. Even if better design could improve high-rise performance, so too could it improve that of other building types.”

READ MORE!https://theconversation.com/the-carbon-devil-in-the-detail-on-urban-density-4226

WHY would UT push for more High-Rise? Why would they want 34, 58, 60, 70 Storeys?

WHY … because storey upon storey they make a hell of a lot more, and they can source their buyers from across the World … no matter that this is the ‘driest continent on Earth’ … 

Associate Professor Philip Oldfield, head of the School of Built Environment at the University of NSW:

“In general taller buildings require more materials, and so have a higher embodied carbon,” he said. “They often rely on mechanical airconditioning, and have all-glass facades, so can have higher operational emissions as well.” …


Further, that there is an obvious profit motive for developers.”

WHO has been selfish? 

Developer Lobby Groups, The Urban Taskforce and the Property Council of Australia and those allied since 2011 and particularly since 2013 with the Federal Liberal Coalition, and through the Foreign Investment Review Board ruling that allowed them to sell 100% of ‘new homes’ to foreign buyers locking out Australian First Home Buyers

SO why was the second tranche of the Anti-Money Laundering Laws for the real estate gatekeepers shelved for more than a decade and then the Morrison Government exempted real estate agents, lawyers and accountants in October 2018 from these laws?  If it were not to create a huge demand by allowing money laundering in Australia’s property market? And facilitating what appears to be a never-ending demand for high-rise?   

THIS has meant not only are our families locked out by dirty money, but our quality of life has deteriorated with the loss of Our Heritage, and Our Urban Bushlands to make way for development.  Our public transport, hospitals and schools are all full-up at Taxpayers expense!  

Myopic … indeed Housing has never been more unaffordable since the introduction of high-rise, high density and high immigration.  Boomers were never faced with 10 years or more to save for a home deposit!  FFS! 

AS Professor Oldfield said: “A strategy for Sydney should be significant amounts of new four-to-eight storey mid-rise, suburban intensification and strategically placed tall buildings where there is access to infrastructure such as mass rapid transit.”

HOWEVER, at CAAN we suggest what needs to happen is a reversal of the FIRB Ruling allowing the 100% sale of our homes overseas; a cut to migration to a more sustainable annual 70,000 permanent migrants; rather than luring 400,000 – 500,000 temporary migrants with permanent residency on purchasing a home … and then just maybe our Families could raise a deposit for a detached home on the fringes if they so chose … having been priced out by the Gatekeepers from buying a home in the suburbs where they grew up!

The NSW Government could then possibly catch up with the infrastructure to meet current population demands!  
AS the property sector returned to building quality homes to Australian Standards!

Find out how they Spin that $1.5Bn Foreign Home Purchasing was Cut!

IT is not only the SMH DOMAIN that is attempting to Pull the
Wool over our Eyes about foreign buyers of Australian Real Estate but more is being spun by …

Pandemic stifled foreign home purchasing – report

Foreign spending on Australian property plummeted with the arrival of COVID-19, new figures show

https://www.mpamag.com/au/mortgage-industry/market-updates/pandemic-stifled-foreign-home-purchasing-report/323004

AND in ‘The Australian’ where this appears to have emerged …

Pandemic cut foreign home purchasing $1.5bn

The emergence of Covid-19 quickly dampened the appetite of foreign buyers for Australian residential property, as spending fell $1.5bn in the 2019-20 financial year to $6bn.

https://www.theaustralian.com.au/subscribe/news/1/?sourceCode=TAWEB_WRE170_a_GGL&dest=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Fproperty%2Fpandemic-cut-foreign-home-purchasing-by-15bn%2Fnews-story%2F349df5baf947cb1f3ff8526091ca78db&memtype=anonymous&mode=premium&v21=dynamic-cold-test-score&V21spcbehaviour=append

AND CAAN has taken a look at the like Report in the SMH

WHY would the property sector be trying to Pull the Wool over our Eyes?

MEANWHILE all over Sydney and beyond there is much excavation and construction now underway

WHO are these ‘new homes’ being built for? Cough … cough … as the media talks about the return of International Students … Visa Workers … and Migrants ….

AS our Families remain locked out … they still have not got a Pay Rise … there is talk of a 3% pay increase … three fifths of nothing … as the cost of housing continues to escalate … to be met by competing money launderers

What is the ‘New Type of House Buyer’ to enter Australia’s Housing Market?

No photo description available.
CAAN Photo: It appears Australia has been “Sold Out’ from under us!

HOW long before Domain readers join the dots? Through media reports like this we have constantly been fed that foreigners can only buy ‘new homes’ or vacant land. So how come 85.6 per cent of the properties bought by foreigners were new dwellings or vacant land yet at the same time we read or view reports of ‘foreign buyers’ acquiring Harbourside mansions in and around Double Bay in Sydney and the North Shore, or Toorak in Melbourne or expensive inner-city apartments for their offspring … ?

AND many other reports that allege because the foreign buyers have left the Australian Housing Market due to COVID-19 that they were not the cause of the 2021 House Price Boom?

HOW much longer will the property sector be able to pull the wool over our eyes?

WHODA THOUGHT that Foreign Buyers of Australian Real Estate are no longer “foreign” once they have purchased an apartment under $1M and gained a “Permanent Resident Visa”?

COULD our Property Sector led government be turning a blind eye to this? HAS this got the SCOmochio paws all over it?

AND that these overseas buyers more than likely have avoided paying extra fees as a foreigner because they applied and gained a PR Visa prior to purchase?

THAT such avenues have enabled how many thousands of ‘New Residents’ to go on real estate buying sprees for Family members … their extended families … and laundering ‘Hot Money’ because they can … afterall the Australian Real Estate Gatekeepers are exempt from the second tranche of the Anti-Money Laundering Laws since the Morrison Government introduced this exemption in October 2018

DESPITE the fact that we are seeing before our very eyes that many suburbs across Sydney and Melbourne … and obviously Brisbane … the Sunshine Coast are increasingly being occupied by ‘new residents’

WHO are no longer ‘Foreign’ but newly ridgy-didge, and that the extent – no doubt in the many $ Billions of investment in Australian Real Estate – has been covered up ….

… and the ‘new residents are staying long term’ with the added Benefits of Australian Free Education and Medicare paid for by decades of Australians … Why wouldn’t they?

Not only are they from the PRC Mainland, but Hong Kong, Singapore, India, Cambodia, Indonesia and Malaysia … and despite the Pandemic and its repercussions for the Australian people and our businesses, property prices escalated by some 30% over 2021 … as we were fed that this was due to housing shortages … low interest rates … Government Grants – all too true!

BUT what the grubment did with the support of its allied media was to feed the populace with these alleged causes of the housing price spiral, and to minimise awareness of money laundering in our property market …

IT would seem with numerous reports in DOMAIN and elsewhere of ‘foreign buyers’ acquiring Harbourside mansions in and around Double Bay in Sydney or Toorak in Melbourne or expensive inner-city apartments for their offspring that AMP Chief Economist had to concede that it would be amazing if these overseas buyers were in fact concentrating on apartments priced at less than $1M

IN FACT it appears they have it both ways!

AND what of the Australian Heritage Homes demolished, and the suburban ‘Estate Homes’ a mere 25 years of age or less that cost $1.5M or more shortly after sale are demolished? HOW many Australians would pay that sort of money to demolish? WHY wouldn’t they buy a $2M Plus brand new home in a neighbouring new estate? HOW likely this could be a ‘foreign buyer’ purchase enabling them to qualify for a Permanent Resident Visa when they build a ‘New Home’?

JUWAI – which is described as the #1 Asian and Chinese international property portal, offering exclusive access to an audience of high net worth Asian and Chinese looking to buy property – expects the Australian property market will see an upsurge of these overseas buyers by the end of this year! The avenues are student visas, international travel and inbound immigration.

Of course they are not speculative buyers who flip homes because they are buying Australian homes with benefits, and to secure the future for their families as ours are locked out! WITH even more ‘hot money’ awash in our property market … especially if the ScOmO Government is returned …

NEITHER Ray White nor McGrath, it would appear have any sympathy for the notion of Australian Sovereignty … all they appear to be interested in is pursuing wealth … no matter what!

QUESTION …. Would Expats number anywhere near the possible 4.6 Billion people/foreign buyers across Asia?

READ MORE FROM DOMAIN!

https://www.smh.com.au/property/news/property-sales-to-foreigners-down-as-new-type-of-buyer-emerges-20220124-p59qwr.html

Take a Look at Who Sold Oz out …

May be an image of text that says 'SOLD UT SOLD OUT SOLD OUT We can lever trust the Liberals, Labor or Greens Again FLAT ΣΑRΤΗ MORONSRS DONT Vo te 1 United Australia Party Author Craig Kelly Australia Party, ww.apnoutdoor.com.au 240 Queen Street, Brisbane 4000 Printed GSP Print 9Ast Road. 2170. ADN'
CAAN Photo: In the leadup to the 2022 Federal Election CP is at it again with like unintelligible billboards and boasts he will exceed the $83M spend last election in 2019. What was in it for him last time?

FOR those including pensioners complaining about the rising cost of living

How did we get here?

What mob have predominantly ruled this Nation?

Looks like the state of the nation has deteriorated, hasn’t it?

Since 2013 especially …

-housing has become unaffordable for your grandkids

-low wages

-high unemployment, underemployment … those fortunate enough to be working at 3 jobs can’t even pay the bills

IT appears we have been conned ….

NOW Clive Palmer is back … he spent some $83M on unintelligible … incoherent billboards last election while he avoided paying his workers WHO will buy this crap this time?

Clive’s lineup of proposed Pollies include his business associates, ANTI-VAXXERS and conspiracy theorists etc etc …

That aside …. Clive has been an active member of the Liberal Coalition … so what really lies behind his political donations … billboards … etc etc?

EXTRACT from Wikipedia on Politics and more on “Subsequent Political Activities”

Palmer was active in the Liberal Movement headed by former Premier of South Australia Steele Hall in the 1970s.[87] He joined the Queensland division of the Nationals in 1974, having been influenced by the policies of Joh Bjelke-PetersenPremier of Queensland at the time.[88] 

From the early 1980s, he was involved in state politics, serving as the National Party’s campaign director during the 1983 state election and as media spokesman during its 1986 election campaign, both of which were successful.[89]

Palmer was a backer of the aborted “Joh for Canberra” campaign, which attempted to get Queensland Premier Bjelke-Petersen elected as Prime Minister of Australia at the 1987 federal election.[17] Palmer was elected to life membership of the party in 1992, which he retained after the state branches of the Nationals and Liberal Party merged to form the Liberal National Party of Queensland in 2008.[13]

READ MORE ABOUT PALMER IN POLITICS AND SUBSEQUENT POLITICAL ACTIVITIESAND

https://en.wikipedia.org/wiki/Clive_Palmer

READ MORE!

From anti-vaxxers to business cronies: A look at Clive Palmer’s new Senate candidates

https://thenewdaily.com.au/news/politics/australian-politics/federal-election/2022/01/25/clive-palmer-senate-candidates-anti-vaxxer/?utm_source=Adestra&utm_medium=email&utm_campaign=Morning%20News%20-%2020220126

How Meriton moves will benefit them from increasing Building Costs

CAAN Photo: Meriton ‘Destination’ Macquarie Park; further development underway for a 63 storey tower

DESPITE increasing building costs Triguboff remains upbeat about the apartment market … why wouldn’t he? The * Gatekeepers in Australia remain exempt from Anti-money laundering laws … with the Australian Housing Market opening up to Singapore, Malaysia, India …

THE latest from Meriton … it has lodged plans for a 30 storey apartment tower comprising 211 apartments above six levels of basement parking in Oxford Street EPPING close to the business area and Metro station. It will rise above its neighbours of 15 and 22 storeys.

Following the scandal of the Opal Tower, the Mascot Towers and the release of reports concerning the thousands of defective developments there was buyer resistance.

But with the housing boom a large cohort were priced out of detached housing, and had to resort to apartments reducing supply.

For those developers remaining in the market aside from Meriton, and following all the bad press, they are concentrating on smaller-scale, high-quality projects.

However MERITON is maintaining its high-rise developments to capture not only overseas investors (buyers), local investors, and the growing rental market for Australians locked out …

Storey upon storey Meriton makes a motza!

Did Harry lead the way through the Urban Taskforce for high immigration to boost sales in the  apartment market?  Cough … cough …

Harry has said:

“China has more than 1 billion people, and they love Australia. I think they love Australia as much as we love Australia. So there will always be enough of them that will buy.”

“The problem with Australians is they are very slow. They ask their lawyer, they ask their financial adviser, they ask their family, they ask everybody. The Chinese don’t ask anybody, they come off the plane, buy their unit and go.”

IN fact many stayed having gained a Permanent Resident Visa with benefits …

From early 2022 MERITON has experienced 50% of its sales from returning investors with a 10% growth in its rental market over the past 12 months to grow even more with the return of students and migrants …

MEANWHILE Meriton has massive projects currently proceeding in Macquarie Park (two), Sydney Olympic Park, Parramatta (66 STOREYS)  and …. in the Gold Coast Queensland … Melbourne …

WITH international borders opening increases the competition and prices of these dwellings for Australians especially when competing with ‘hot money’ …

Triguboff said he expected unit prices to rise considerably in 2022 as construction costs continue to surge across the country and international borders reopen to migrants and students, placing pressure on the already low supply of apartments.

With Meriton occupying a large share of the apartment market it takes a proportionate large slice of the imported fittings and fixtures locking out other builders and clients …

Triguboff said: “at the same time the demand for units from owner occupiers and tenants, while already very strong, will be boosted by the return of international students and workers, so we can expect the prices to go up considerably.”

A win/win for Meriton Property Services which offers up to 90% of the contract purchase price … AND offers a low cost mortgage loan whether a resident or non-resident, investor or owner!

SO that the real question is

What has happened so that Meriton has won more than anyone else?

IT would appear this can be revealed from the disclosed political donations for the most recent elections in NSW and the Nation …

MERITON Properties Pty Ltd donated $260,000 to the Liberal Party of Australia and $10,000 to the NSW Division of the Liberal Party of Australia AND $5,000 to the CDP (Fred Nile Group) … which party is well-known for doing deals with the Libs …

COMPARE that to a mere $10,000 to the Australian Labor Party (NSW Branch) and $50,000 to the ALP (Queensland).

WHAT this means is NOT GOOD FOR US … that Meriton holds more sway with this Government like that indicated previously:

“Then I will bring in more migrants”.
Harry Triguboff in the AFR in response to a question about oversupply of apartments.

http://www.afr.com/real-estate/phil-lowe-he-worries-me-a-bit-says-triguboff-20161019-gs5vg8

AND our Taxes are stretched further to fund an ever increasing demand for infrastructure lagging behind the population growth … and services (Health and Education especially) … since 2013 low wages growth from increased competition of Visa workers … our Families locked out of Home Ownership … facing life-long tenancy … with the loss of Australian communities, urban bushlands, heritage, and quality of life!

READ MORE!~

Meriton Unveils 30-Storey Tower for Sydney’s West

https://www.theurbandeveloper.com/articles/meriton-oxford-street-epping-development-application?utm_source=TUD+-+Daily+Briefing&utm_campaign=67ee52923f-EMAIL_CAMPAIGN_2021_08_11_01_49_COPY_01&utm_medium=email&utm_term=0_982c36d415-67ee52923f-195692726

The Liables maintain the Sell-Off of Aussie Real Estate

No photo description available.
CAAN Photo

‘Hot Money’ pushes up House Prices …

As Michael West correctly points out what is behind the sky high property prices is money laundering ….

“Launder your Money through Australian Real Estate”

The 14-year govt dither on money-laundering reforms puts pressure on property prices. Minister responsible now Karen Andrews: no response #auspol #AML

https://youtu.be/03cAijFkfoo via YouTube

As these ‘investors’ are lured and enticed by the prospect of a Permanent Resident Visa!

… This is apart from low interest rates, government grants, and tax benefits for property investors from negative gearing and capital gains tax … together they are all pushing up house prices!

With the first wave from China that began in the late 1990s during the Howard Government enticing the Middle Class Chinese to invest in our education and real estate to gain ‘Flexible Citizenship’ which led to a housing boom in the early 2000s peaking in 2004 … as Refugees were scapegoated …

And so it continued again peaking in 2015 with the high-rise Precincts across Sydney to forever change our low-rise bushland suburbs ..

Then in 2021 the Singaporeans eclipsed the Chinese with $20Bn investment in our real estate

Business Insider:

NEXT … the Malaysians are targeted too! 

“Where is the Best Place to Buy Land in Australia”? 

The East Pilbara in Western Australia, Broken Hill second, Melbourne for property development …https://malaysiandigest.com/where-is-the-best-place-to-buy-land-in-australia/

AND … SINGAPORE Again!

“Singapore REITs double their Overseas Investment to US$12BIL”

‘ … deep liquidity pools in overseas markets like the U.K., U.S. and Australia, as well as more alluring freehold and longer lease terms will maintain the draw of markets abroad, said Natarajan. “We expect this trend of overseas acquisitions to continue.” ‘

https://www.nst.com.my/property/2022/01/763655/singapore-reits-double-their-overseas-investment-us12bil

WHAT Enticements would lead Middle Kingdom Buyers away from EVERGRANDE to Flock Aussie Housing Market?

PREDICTION that cashed-up Chinese buyers to again swarm our housing market because they can … when the border opens up …. with China’s Evergrande and other developers collapsing as oversupply hits

IT’s obvious, isn’t it, why “the Australian gatekeepers” are exempt from anti-money laundering laws in Australia?

SO that there are no investigations into where the money is coming from … how it was earned?  Was it appropriately taxed?

HOW come students earning Visa Worker rates can afford $2M homes? Then gain Permanent Residency and follow up with a ‘Family Visa’ ….

 BECAUSE if these AML laws were implemented and enforced the market share for high-rise precincts would evaporate because a whole Cohort of Australians are already locked out …. priced out …

MEANWHILE Our Community rights have gone … deve-lopers can buy up the house next door … the one behind and on the other side and soon the block is demolished, and those stranded have lost their ‘home value’ and their amenity …  Our Heritage …. Our Urban Bushlands … and Our Communities with the ‘take-over’ …

WHY wouldn’t these foreign buyers be lured here through access to the Chinese website (Juwai) for buyers of overseas property, which takes advertising from international property marketers, including developers and agents, and their Onshore Proxies here in Australia?

AND with investment in an apartment they too can gain permanent residency, and Taxpayer benefits of our public education and Medicare!  Then with a Family Visa a win/win … for their extended family!!

The Financial Times data has revealed that thirty seven per cent (37%) of 1.4 plus Billion Chinese People own more than one home!

Think about the consequences of this … as outlined above, and that this overdevelopment has obviously contributed to global warming with China the largest emitter of CO2 … because concrete, steel and glass emit CO2 in their manufacture and ongoing use …

AND more want to come here … to buy up Australian homes despite having homes in China … as our families are locked out by low wages … and this foreign money laundering competitionto further increase Australia’s CO2 emissions …

READ MORE!

Cashed-up Chinese buyers swarm Australia’s housing market as the collapse of Evergrande looms

https://www.dailymail.co.uk/news/article-10377347/Chinese-buyers-swarm-Australias-housing-market-collapse-Evergrande-looms.html#newcomment