Cashed-up Chinese Buyers swarm Australia’s Housing Market with their sights set on Major East Coast Suburbs

Juwai lists Melbourne, described as a 'city of opportunities and fortune' as the best city for investment, notably because of 'strong government support' for overseas buyers
AAP Image shared from ‘Cashed-up Chinese buyers swarm Australia’s Housing Market … ‘

CONTRARY to reports from other media outlets JUWAI alleges that cashed-up Chinese buyers are flocking back at 51% to Melbourne, Sydney, Newcastle and Brisbane

Housing price hikes have fuelled FOMO in China … just what we need …

HOW can this be so with our borders closed?

OR are they lay-buying our real estate? Having gained a PERMANENT RESIDENT (PR) Visa on purchase

AND they have their Onshore Proxy here … rels, and friends …

HOW can this be stopped?

SHOULDN’T SCOMO follow New Zealand’s lead and stop foreign buying of our real estate?

That has increased the supply and reduced prices in NZ for their people!

READ MORE!

Cashed-up Chinese buyers swarm Australia’s housing market with buyers rocketing by 50 per cent

The LNP … its Culture …

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Image: Wikipedia

THE LNP

IS it the philosophy that lies at the core of its insidious culture …?

“We are on your side. If you have a go in this country you’ll get a go. That’s what fairness in Australia means.”

And how the Liable Nasty Party achieves this ‘for some’ is through PORKBARRELLING to ensure they win ‘those Coalition or Marginal Seats’

And granting far more to Private Schools!

As revealed in this Report! ‘Privilege over policy’.

Over the decade, private school funding up by $2,164 per student, adjusted for inflation, compared to $334 per student for public schools. Both states and Feds responsible’

VIEW: ‘Tudge butchers Public School Funding’

READ MORE!

And that is how ‘you get a go’ over others who too want a go!

IS it Sc.mmo’s belief that it is only the property and mining sectors that allegedly keep our economy strong?

Before entering politics SM wrote the policy for the developer lobby, The Property Council of Australia … did that lead to his annointment? You think?

‘The single biggest property donor last year (2020) was Sugolena, a private company set up by Isaac and Susan Wakil, who came to Sydney after World War II and assembled a portfolio of empty buildings across the city.

The couple sold their properties in 2014 to raise $200 million for a charitable foundation. While Sugolena had no history of substantial donations, the company, led by Mr Wakil after the death of his wife three years ago, gave $4.1 million to the Liberal Party in the weeks before and after the May 2019 federal election.

Read more!

‘Competitive advantage’: Call for curbs as property sector ramps up political donations

https://www.smh.com.au/politics/federal/competitive-advantage-call-for-curbs-as-property-sector-ramps-up-political-donations-20210126-p56wva.html

Has this sector played a role in ensuring that 100% of ‘new homes’ could be sold to foreign buyers … to create a World-wide market particularly in China for Australian homes? (FIRB Ruling)

And hence the high-rise tower precincts now on every horizon across Sydney … the congestion on our roads … our trains, buses and schools all full-up!

IS that how ‘you get a go’ over others who too want a go?

2021 … The Australian Housing Market is Exploding

2020 … there was a lull with Covid and the withdrawal of buyers from China now replaced by an accelerant …

‘ … The accelerant for this fire is being splashed by other arsonists – the government and the Reserve Bank, with miniature interest rates, grants, negative gearing and the capital gains tax discount.’

Alan Kohler: The housing market is exploding again

NOW … there’s more …

WITH First Home Buyers and investors taking on large mortgages at record low rates … but for how long?

AND a housing shortage has led to this price explosion!

IS it Sc.mmo’s belief that it is only the property and mining sectors that allegedly keep our economy strong?

THAT despite the advice of Economists that lifting wages, lifting JobSeeker above the poverty line would ensure more money would flow and boost our economy … the Liable Nasty Party persists with the lowest wages growth for some 60 years … has allowed temporary migration on these low wages (cash in hand) with the lure of ‘Permanent Residency’ ensuring high unemployment for Australians esp. our Youth

By selling off our Public Assets to the ‘Mates’ … and privatising Services

A mean and tricky grubment …

READ MORE!

‘Dennis Atkins: When Scott Morrison says he’s listening, it’s only to himself’

https://thenewdaily.com.au/opinion/2021/03/27/dennis-atkins-morrison-truth/?fbclid=IwAR2jSYmTLqRA3-Wv-FE4aqndhZwBGd1-7Yy-1VTfUKrMJQQu6PrFEw6HwGk

The Liable Nasty Party promised to deliver 4 Million Covid Vaccines by the end of March 2021 … yet only some 700,000 have been vaccinated so far … how safe is that?

The Sc.mmo Govt silently in late 2020 Ranked Visas for UHNW Foreigners

The Morrison government quietly began prioritising Visas for ultra-wealthy foreign investors late last year

CURRENTLY we are being distracted by ‘The Boy in the Bubble’

AND on Women marching for Justice … we heard:

“Mr Speaker, not far from here, such marches, even now, are being met with bullets, but not here in this country, Mr Speaker.”

ARE we in Toad territory?

ARE you aware that this government favours Ultra High Net Worth foreigners flush with cash over all others?

Apparently the Sc.mmo government quietly began prioritising VISAS for UHNW foreign buyers in late 2020!

• to prioritise investor visas over those of foreign workers in critical sectors during the pandemic

Allegedly to inject these foreign funds into our economy

-increased the cap on investor visas with approval times slashed

-with an influx of foreign property buyers

-then Immigration Minister Alan Tudge directed Home Affairs to prioritise investor visas; those with $5M to invest conferred top status; to fast track to Permanent Residency

-Home Affairs employees instructed to secondarily assess those with $1.5M or more along with Business Innovation and Investment Program Visas (BIIP)

pandemic 408 Visas to maintain personnel e.g. in healthcare are secondary to investment

government doubled annual cap for investor visas from 6,800 to 13,500

MEANWHILE40,000 AUSTRALIANS REMAIN STRANDED OVERSEAS!

Juwai IQI reported in 2019-20 more than 1500 applicants; China and Hong Kong 88.5% of Significant Investor Visas

-despite the talk of innovation and business investment it is the Australian property market that draws foreign attention

REMEMBER … Sc.mmo wrote the policy for the developer lobby, The Property Council of Australia prior to entering politics

-in the rising market these foreign investors are gaining residency; many coming all at once with PR Visas granted in record time!

-without the PR Visa these foreigners have to pay stamp duty; get FIRB approval; for properties of $6 – 8M equates to $500,000 in fees

READ MORE!
https://www.businessinsider.com.au/australia-signficant-investor-visas-wealthy-property-market-2021-3

MEDICH FAMILY pockets $499,950M from Badgery’s Creek Bonanza!

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MEDICH FAMILY POCKETS $499,950M FROM BADGERY’S CREEK BONANZA

-Medich Family’s 344-hectare land parcel at Badgerys Creek transacted for $499,950 million. Medich brothers purchased the Badgerys Creek site from the CSIRO for $3.5 million in 1996.

-2017 the sale of the Badgery’s Creek land to BOYUAN Holdings Limited (BHL) contingent on FIRB approval; deal did not go ahead

-THE BUYER entity named ‘Roberts Jones Bringelly’ whose directors include CHENG JIA PAN and BO GONG. THE BUYER also purchased 73 hectares of MEDICH land in Bringelly for $77 million

– Roberts Jones Bringelly has appointed BHL as the development agents for the project

-the Elizabeth Drive site to become a major employment, logistics and mixed-use precinct servicing the Airport and greater Aerotropolis

BUT what does this really mean for Australia?

READ MORE!

Foreign activities … raising some Eyebrows in Federal Opposition … ASIO and Government Ranks!

Melbourne-based Chinese businessman Huifeng "Haha" Liu.

Liberal Party donor Huifeng ‘Haha’ Liu ‘engaged in acts of foreign interference’: ASIO

ABC Investigations

By Sean Rubinsztein-Dunlop and Echo Hui

‘A Liberal Party donor who developed relationships with federal Assistant Treasurer Michael Sukkar and MP Gladys Liu engaged in “acts of foreign interference” and activities for Beijing, according to Australia’s domestic spy agency.

The bombshell findings by the Australian Security Intelligence Organisation (ASIO) are contained in Melbourne-based Chinese businessman Huifeng “Haha” Liu‘s court application to fight the Federal Government to avoid deportation.’    …

Federal Opposition legal affairs spokesman Mark Dreyfus, a member of Parliament’s intelligence and security committee, called on Prime Minister Scott Morrison to come clean on the Liberal Party’s ties to Mr Liu, in response to ASIO’s “deeply disturbing” findings.

“The real question is how long has Mr Morrison known that a donor to his party and a man connected to Gladys Liu and to Michael Sukkar has been identified by ASIO as an agent of foreign interference?” he asked.

“Gladys Liu and Michael Sukkar need to explain what their links are to Haha Liu.

“Mr Morrison has failed to hold his MPs to account but it’s now obvious he can’t just brush this one under the carpet.”

READ MORE!

https://www.abc.net.au/news/2021-03-12/asio-assessment-revealed-in-haha-liu-court-application/13234740

Chinese takeover of island near Australian military training area causes unease inside defence and government

Exclusive by defence correspondent Andrew Greene

A decision to grant a Chinese linked company a mining licence on a remote West Australian island, close to a military training area, is raising concerns inside Defence and federal government ranks.

Key points:

  • A Hong Kong-based company was last year granted a 12-year lease of abandoned mining operations on Cockatoo Island
  • The Foreign Investment Review Board examined the deal, but security officials have privately expressed concerns
  • Liberal Senator Concetta Fierravanti-Wells says the leasing to a Chinese linked company shows current laws are “defective”

In October, the private Hong Kong-based entity was announced as the new owner of abandoned iron ore operations on Cockatoo Island in WA’s Kimberley region, next to the Yampi Sound Defence Training Area.

A map of the Kimberley region, highlighting Cockatoo Island.

READ MORE!

https://www.abc.net.au/news/2021-03-12/chinese-island-lease-on-remote-wa-island-causes-concern/13240282

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WHY Can’t We Australians Hold Our Parties … Our Pollies to Account?

Image preview

Photo: John Hollad and WestConnex Lilyfield Road Rozelle Interchange

HAVE you noticed that when in a conversation that sometimes if one is to question what is happening in Australia concerning policies, projects, the Ministers, or MPs that LNP supporters will retort with an allegation like this from Greg Hunt …

‘When Rowland pressed the point that taxpayers paid for the vaccines, Hunt attacked his motives again.

‘I know this is an issue for you. In many ways, you identify with the left,’ Hunt said.

“No, no, minister, I find that offensive,” Rowland responded.

Read more:

https://www.theguardian.com/australia-news/2021/feb/10/greg-hunt-accuses-abcs-michael-rowland-of-identifying-with-left-over-liberal-logo-questions

That the same Party supporters will label one, and go so far as to say ‘You’re a Communist!’

SHOULD one be equally rude and retort with “Does that make you a Fascist?’

WHY can’t we Voters hold our Government to account?

WHICH Party appears to have been in, or under the beds MORE with the Reds?

COULD it be that many of the same people who retort with such a slur just so happen to have shares, portfolios in JOHN HOLLAND?

AS they prosper at the expense of Australian workers who find themselves en route of one of the all too numerous tentacles of WestCON X now crisscrossing Sydney … these same workers supporting industry on the lowest wages for almost a decade …

IS that thanks to ‘the Fascists’ OR are they too ‘Commies’?

READ MORE!

‘Leighton sells John Holland in $1.15B Deal’

https://www.smh.com.au/business/leighton-sells-john-holland-in-115b-deal-20141212-125k7r.html

Key Points … CCCC after acquiring Australia’s defence projects construction company …

-CCCC, the first big Chinese group to build Australian roads and bridges

-to get a foothold in multi-billion dollar infrastructure projects

-CCCC has taken over tunnels and stations for North West Rail Link, Perth’s Children’s Hospital, Victoria’s regional rail link

-the deal followed the Free Trade Agreement (FTA) with China;  allows Chinese Visa Workers to build projects in Australia

-Leighton released details of Mr Fernandez Verdes’ pay package after the Spaniard replaced Hamish Tyrwhitt as CEO

RELATED ARTICLE:  ‘Liberated by the Chinese John Holland blossoms under CCCC Ownership’

When John Holland Chief Executive Joe Barr walked into the boardroom of Canadian Construction Group AECON in November, he faced 40 anxious people in suits.  AECON had just been acquired by China Communications Construction Company (CCC) – the same Chinese Group that had paid $1.15 Billion to buy John Holland two years earlier.  (Paywall)

https://www.afr.com/business/liberated-by-the-chinese-john-holland-blossoms-under-cccc-ownership-20171213-h0413f

The CCCC, A China State-owned company having acquired JOHN HOLLAND are building in these areas in Australia …

Control/Click to learn more!

NOW … it appears we have more foreign interference in Australia!

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https://caanhousinginequalitywithaussieslockedout.wordpress.com/

The PCA … the Property Council … encouraged by Qld LIBs Build-To-Rent enticements!

Read and reflect on what this will mean …

IF the Liberals were to win the imminent Queensland election having given the undertaking that they will administer a 75% CUT TO LAND TAX, and grant FOREIGN BUYER TAX EXCLUSIONS FOR BUILD-TO-RENT developments, what will that cost? What will it mean for:

-aspiring Australian First Home Buyers?

.cast aside by preferential treatment for those with ‘hot money’ to launder

-Australian developers and hence their Australian clients?

AND these benefits even outstrip those of the Liberal NSW Government 50% Build-to-Rent land tax discount  …

https://caanhousinginequalitywithaussieslockedout.com/2020/07/30/nsw-inc-to-give-developers-50-land-tax-discount-for-build-to-rent/?fbclid=IwAR0frzrdbfU0O6G4oT9yVnUIO-qfRxP8lotjpWALNLnEkOpUjB_0Z2R5nxg

WHERE can you see this going?

Could it be that also in NSW aspiring Australian FHBs will be drowning in a housing market flooded with investors buying up homes for rental redevelopment?

Knocking the ‘Australian Dream’ on its head … with the aspirants stymied by the emergence of a feudal life-long tenancy regime …

READ MORE! THEN SHARE … especially with your Queensland contacts!

https://bit.ly/2IlhIOx

CHINA’S RISLAND scores $30.8 M in Wollondilly Land Sales

RISLAND formerly known as ‘COUNTRY GARDEN’ gained renown and set the precedent with its first High-Rise Residential Apartment Precinct in North Ryde whereby the locals were robbed of having their say as it was all fait accompli …..

‘Ryde Garden’ towers over the district … forever spoiling the bushland vistas …

Currently RISLAND’S dealings with disgraced Liberal MP Daryl Maguire are being further investigated by ICAC … and now together with Walker Corporation having sold these lots in 3 weeks it is ready to launch its $1.5 B master planned community ‘Wilton Greens’ in Wilton in the Wollondilly Shire.

How come this Chinese developer remains in Australia?

Why did Walker Corporation … Lang Walker … partner with Risland … Country Garden?

The lots have cost between $239,000 and $372,500 ranging from 275 to 540 sqm.

Company management alleges that buyers come from the local area and the Greater Sydney region. How likely is it that there are Proxy Buyers among them?  Or online perhaps through Juwai enabling these foreign buyers to gain Permanent Residency … ?

Risland … Country Garden … 2 years ago launched its Windemere Estate in Mambourin, Victoria and this in Wilton is the company’s first major master planned community for NSW.

Risland is counting on the NSW and Morrison Governments for the infrastructure with the redevelopment of Campbelltown Hospital, transport, NBN fibre to the home, a new town centre and new schools

But what will this mean for other communities?

AND, of course, the impact of such development on the rural landscape, the destruction of Koala habitat, with the local community to be confronted by another 12,000 inhabitants …

READ MORE!

https://bit.ly/3ddoiBT