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 competition … to further increase Australia’s CO2 emissions …
READ MORE!
Cashed-up Chinese buyers swarm Australia’s housing market as the collapse of Evergrande looms
COMMUNITY ACTION ALLIANCE FOR NSW (CAAN): HOUSING INEQUALITY WITH AUSSIES LOCKED OUT! 