Under the Cover of Covid 15,000 Wealthy Foreigners given Australian Visas!

DURING the Pandemic 15,000 wealthy foreigners have been given Australian Visas!

WE did tell you so! 

Martin North, principal of property research firm 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!

Overseas Buyers are tipped to Return!

https://www.abc.net.au/news/2021-07-02/chinese-overseas-buyers-australia-property-housing-investors/100259470

Little-known property investor quietly secures $32m housing parcel in Vaucluse

https://www.domain.com.au/news/ying-yu-sister-in-law-of-wilson-shoe-king-xue-buys-8m-house-as-part-of-32m-vaucluse-consolidation-1073532/

MEANWHILE tens of thousands of Australians remain stranded overseas!

This latest report:

https://www.abc.net.au/news/2021-07-28/australians-want-to-flee-coronavirus-hit-indonesia/100323264

IS this not the ultimate betrayal by the Morrison Government through its business innovation and investment visa programme?

Under these visas:

Business Innovation Stream applicants can buy or start a business, and have $1.25M in either business or personal assets

Investor stream, applicants have to be recommended by a state or territory agency and invest $2.5M on authorised investments

Significant investor stream, applicants must invest $5M, with a minumum $1M in venture capital or private equity

In September 2016 in its final report the Productivity Commission called for these visas to be scrapped because they are channels for money laundering!

WHY hasn’t there been a response from the Morrison Government to a public inquiry into “Migrant intake into Australia”?

https://www.pc.gov.au/inquiries/completed/migrant-intake#report

With the ‘Significant Investor and Premium Investor Visas’

no English language requirements

no upper age limits

-a risk they might be an avenue for ‘dirty money’

Most business and investment immigrants are often older, buy retail and hospitality businesses, so how can this add to Australia’s innovative and entrepreneurial capacity?

View this AFR report about migration agents enabling Chinese investors to gain Significant Investment Visas!

https://www.afr.com/companies/financial-services/vc-funds-concoct-fraudulent-visas-for-wealthy-chinese-investors-20200729-p55gii

HOW can this be of any benefit to the Australian people and our Nation with more competition to buy our businesses from overseas with ‘black money’?

AND even more competition for a limited supply of housing, and inadequate infrastructure as these VISAS allow ‘Permanent Residency,’ and the benefits of parking ‘their family’ in Australia as they can continue to run their business in another country?

These families have access to our MEDICARE, and FREE EDUCATION as their business is predominantly overseas! 

WT ****!

READ MORE!

https://www.watoday.com.au/national/15-000-rich-foreigners-given-visas-to-australia-during-the-pandemic-20210721-p58bky.html

Jack Mundey’s Legacy Lives on Today in Parramatta!

Former BLF boss and green ban man Jack Mundey being carried from a protest at The Rocks in the early 1970s. Robert Pearce

The fight continues with the Green Ban to save ‘Willow Grove’, Parramatta!

The man who reshaped Australia

The green ban movement is long past, but Jack Mundey’s legacy lives on.

READ MORE!

https://www.afr.com/life-and-luxury/arts-and-culture/the-man-who-reshaped-australia-20200514-p54sxt

Frank Theeman, Businessman Land Developer & Victoria Street Kings Cross

Developer Frank Theeman was Juanita Neilsen's nemesis.
Developer Frank Theeman was Juanita Neilsen’s nemesis. Credit: Supplied; from & News:
‘Mystery still surrounds disappearance of Sydney heiress Juanita Nielsen, 44 years on’

FRANK THEEMAN

Frank William Theeman known as Frank Theeman (1913-1989), businessman and land developer, was born on 28 May 1913 in Vienna, son of Jewish parents Arthur Thiemann (d. 1936), bank officer, and his wife Frieda, née Donreich, and was named Franz Wilhelm.

Frank Theeman immigrated to Australia from Vienna in the late 1930s, started with almost nothing, and rose to become a highly successful businessman.(Fairfax Media)

‘Theeman had developed close political connections with the Liberal Party of Australia and saw opportunities in the Liberal ascension to power in New South Wales in 1965, when planning restrictions were eased to open residential areas to commercial development’

https://adb.anu.edu.au/biography/theeman-frank-william–15666

‘But by the 1970s, the Cross was swept up in big changes taking over Sydney. One developer in particular — Frank Theeman — saw the terraces on Victoria Street as a potential goldmine.

Planning reforms in the 1960s by NSW Liberal premier Robert Askin gave developers enormous power and stripped the rights of tenants.

Building height limits were removed and developers were incentivised to buy large tracts of land — the bigger the block, the higher they were allowed to build.

Sky-high apartment towers and modernist concrete office buildings began popping up all over the city.

“There’s too much money around,” Victoria Street resident, Juanita Nielsen, said at the time.

“But these pressures, which exist all over Sydney and probably all over the world today, are coming to a head in Kings Cross.”

https://www.abc.net.au/news/2021-07-31/juanita-nielsen-murder-came-after-arthur-king-kidnapping/100332232

Frank Theeman, a migrant who, if he had stayed back home, Australia may well have been a much nicer place!

20 Year Rezoning Strategy for Frenchs Forest

Frenchs ForestAllambie Heights … forever changed by NSW INC Rezoning …

This project has been ongoing for some time now, and evidently revised further during COVID. Rezoning Frenchs Forest and releasing a draft place strategy. 

In the process sadly many lost their homes, and/or amenity and their community rights through the rezoning.

The government has released a draft place strategy that calls for a new town centre created around the relocated school, 1,000 new homes and 1.5 hectares of new public open space.

15 percent ‘affordable housing’ an improvement of 5 percent!

GEE!

New homes in apartment blocks up to 12 storeys, townhouses and terraces.

Another 1000 homes for surrounding ‘transition areas’ …

Meanwhile through onshore proxies and Juwai, overseas buyers too can gain benefits and buy Australian real estate if they are an:

‘Australian permanent resident’, a ‘foreign citizen living in Australia or outside Australia’!

It would seem this is why where we have lived has forever changed!

Much higher density and smaller ‘homes’for heap$ more!

And back in October 2018 Scomo’s guvmnt exempted the real estate gatekeepers from the Anti-money Laundering Laws … so this folks – ‘hot money’ – is what we are up against … side deals too … and this perhaps explains why house prices continue to escalate!

READ MORE!

https://architectureau.com/articles/new-20-year-vision-for-norther-sydney-suburb/?fbclid=IwAR3YlhrKJG6w0QHOHPBnyA11bYj5wyH4zRe_uCmFaOtAB0XT5_51p2r1qxU

GEN X bears the Debt Burden … the Cost of Buying a Home has increased by 130%

MEANWHILE … many GEN Y and Z are locked out

THIS REPORT REVEALS:

-the family home is an expense rather than an asset

IT’S TIME NOW the MORRISON GOVT addressed this!

IN fact the Liables have put the financial security of not only GENS X Y & Z but also 60% of Boomer and Silent Generations at risk … because many have had to re-mortgage, or downsize to release equity; taking on default risk by standing as Guarantor for their first-time buyer families

-in 2010 the proportion was less than five per cent!

-the lowest wages growth since 2013 has worsened the problem  

-high household debt creates the ‘debt overhang effect’ and reduces consumer spending

READ MORE!

The cost of buying a home has increased by 130 per cent over two generations and Generation X is bearing the debt burden

https://www.abc.net.au/news/2021-07-23/house-prices-property-generation-x-household-debt-affordability/100315500

What will a new ‘Vibrant’ Urban Community mean for Macarthur?

May be an image of text that says 'M MACARTHUR HEIGHTS Final land release coming soon'

WHAT WILL A NEW ‘VIBRANT’ URBAN COMMUNITY’ MEAN FOR MACARTHUR?

BEYOND the glossy brochure for ‘Macarthur Heights’

THE FEDS high immigration population PONZI scheme … under the Cover of COVID … providing even more customers for developers.

For Overdevelopment, Traffic Congestion AND Environmental Destruction!

This new development is south-west of Campbelltown, estimated 32 minute drive via the Menangle Road and Old Hume Highway.

What would the locals say about more traffic for these roads?

Expensive with lots priced from $400,000 to $500,000 … how many Gens Y and Z can come up with a deposit … but do our governments care?

It would seem they have covered their bases … through online real estate shopping and the Onshore Proxy because the Feds maintain the loopholes, and black money is awash in our real estate

Related article:

What will the End Stage of the Sydney Metro mean?

https://bit.ly/3x84Mz8

What will the End Stage of the Sydney Metro mean?

WHAT will the end stage of the Sydney Metro mean?

It would seem that conveniently ‘Under the cover of Covid’ the planning is well underway for ‘A Nine (9) Million Sydney’

the $8Bn WSA line, the final stage of the $27Bn Sydney Metro network; additional 23 Km of railway approved

-almost 50 stations more than 100 Kms of track to carry 40,000 commuters per hour

-Tallawong to Chatswood line is already operational

-Sydney Metro West, a State Significant infrastructure project to service Westmead, Greater Parramatta, Sydney Olympic Park, The Bays Precinct and the Sydney CBD

.and North Strathfield, Burwood North, Five Dock

-expected to handle 10 million passengers a year;  and 82 million travellers by the 2060s

-to service Bradfield, planned 3rd city of Sydney; site north of Bringelly

https://www.theurbandeveloper.com/articles/sydneys-third-city-bradfield-badgerys-creek

.June 2021 received $1.15Bn commitment from NSW INC coffers

.massive 1780ha site to destroy bushland and paddocks for a hub of international travel, advanced manufacturing and skilled education

-to support around 14,000 jobs, including ‘a mere 250 apprentices’

READ MORE! 

‘Final Stage of $27bn Sydney Metro Approved’

https://www.theurbandeveloper.com/articles/sydneys-third-city-bradfield-badgerys-creek

The Sheriff of Nothing Done … really?

May be an image of 1 person and text that says 'The Sheriff of Nothingdone'

Image: Shared from Social Media

The Sheriff of Nothing Done … really?

IT would seem ‘nothing done’ of what shoulda have been done …

BUT lots of what should never have been done!

Scomo wrote the policy for the deve-loper lobby the Property Council of Australia before entering politics; the industry now has direct control of the country …

SEARCH for ‘A closer look at Scott Morrison’s CV’

how Scomo parachuted into Cook

https://www.smh.com.au/politics/federal/nasty-saga-you-nearly-missed-20091025-hem5.html

a closer look at Scott Morrison’s CV

https://www.msn.com/en-au/news/australia/comment-a-closer-look-at-scott-morrisons-cv/ar-BBTqoLg

Morrison Government exempted Real Estate Gatekeepers from Anti-Money Laundering Laws: October 2018

https://www.afr.com/companies/financial-services/real-estate-agents-lawyers-and-accountants-to-avoid-money-laundering-laws-20181008-h16dcd

why does Scomo back high immigration esp. through temporary migration like that introduced by Howard?

Scott Morrison backs big Australia at COAG’

State Significant Approval for Deicorp’s Tallawong Village

LANDCOM Appoints Developer for SYDNEY METRO: Tallawong Station Housing Project
CAAN Photo of the Tallawong Village site 2018/2019

*DEICORP is about to start work on its largest project to date … $332M Tallawong Village after gaining STATE SIGNIFICANT approval for a SEVENTEEN (17)-building development in Sydney’s north-west … next to the Sydney Metro Tallawong Station.

WILL Planning Minister Stokes, having said that, ‘increasing our housing supply …. to provide more opportunities for first home buyers to get into the market’, will he be speaking to the PM to enquire about putting a stop to the FIRB ruling allowing deve-lopers to sell 100% of ‘new homes’ to foreign buyers particularly in China? Or from Hong Kong … Singapore?

-of the 987 homes in Tallawong Village; a mere 50 would be affordable housing

READ MORE!

Deicorp’s $332m Tallawong Village Wins Approval

https://www.theurbandeveloper.com/articles/deicorps-332m-tallawong-village-approved?utm_source=TUD+-+Daily+Briefing&utm_campaign=9221d14d44-EMAIL_CAMPAIGN_6_11_2021_9_36_COPY_01&utm_medium=email&utm_term=0_982c36d415-9221d14d44-195692726

For a little background on Deicorp … no doubt the Building Commissioner will be aware …

In 2020:

https://bit.ly/3rwJ8mN

In 2019:

https://bit.ly/2Tw6ht1