WEE HUR’s first acquisition was made by the Trust Company (Australia) in Regent Street Redfern for $A36 M., and entered into a contract for the sale and purchase with the City of Sydney for a property at 90 Regent Street Redfern for $10M
NOW this student accommodation developer has scooped up a row of shops and residential units between 90 and 102 Regent Street … close to both the University of Sydney and the University of Technology Sydney
Taking advantage of the growth of infrastructure of both Redfern Railway Station and the Metro station at Waterloo
THIS is apart from Wee Hur’s acquisitions in Melbourne in 2018 in Gibbons Street with plans for 515 bed accommodation, and the Melbourne CBD.
LONG TERM PLANNERS … this Singaporean group acquired two sites in the Buranda transport precinct in Brisbane; with plans for 5,000 beds across Sydney, Melbourne, Brisbane and Adelaide!
CAAN Photo: First Tower of ‘Destination’ Talavera Road Macquarie Park
THERE is more to this than meets the eye!
The first Meriton Tower for ‘Destination’ in Talavera Road Macquarie Park at 28 June 2020 is now some 22 storeys … and it is expected to be completed with 27 storeys early 2021!
IMAGINE how the 63 Storey Tower will dominate!
This Meriton development is for 1270 units in Macquarie Park.
Wondering how many of the 1270 apartments are sold? And to who? HT has previously said:
“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.”
“China has more than 1 billion people,” he said. “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.”
What will happen now? With further outbreaks of CV-19?
Will these CCP members have already gained ‘Permanent Residency’ when they purchased? What then?
Will AUSTRALIA be safe? How can a ‘PR VISA’ ensure they will be COVID-19 free?
Recent report (shared on CAAN) there are no changes to foreign investment in real estate …
-the changes leave existing gateways for investment largely untouched
-little has changed for key investment sectors such as mining, residential, industrial and commercial real estate and agribusiness land and enterprises
• There are no significant changes proposed to the rules regarding residential real estate
Another aspect to this is that in Macquarie Park there has been a complete demograhic change … it has visibly been underway since about 2015 …
Macquarie Park was originally a Business and Information Technology Park which created local employment …
But what now? With largely foreign buyers of these apartments particularly from China it would appear they are in the “box seat” for employment …
MERITON is everywhere … in every direction across Sydney … in the Sydney CBD … Chatswood … Epping … Sydney Olympic Park … Rhodes … Meadowbank … Pagewood … Parramatta … Abbotsford … Hurstville … Burwood … here in Macquarie Park with a couple of precinct developments …
MERITON is up on the Gold Coast and down in Melbourne
MERITON has apartments for sale … for rent … serviced apartments for tourists and hotels!
Now the community of ‘Little Bay’ are opposing a monstrous precinct. It began with the Little Bay Masterplan
-it was approved in 2009 allowing for 450 dwellings to be built in buildings up to five-storeys (18m)
–Meriton then sought consent to build 1900 dwellings in multiple mid and high-rise with maximum height of 22 storeys (73m)
It has now been rejected by the Council … however … HT has its own legal counsel …
Remember the interview with Jane Hutcheon on ‘One Plus One’ “
JANE HUTCHEON: Do you feel you have had a hand in the way the Sydney landscape has changed?
HARRY TRIGUBOFF: Well, since I am not a modest person I say I had the biggest hand in it because I devoted myself to Sydney. I did a little bit in Queensland, but absolutely I am Sydney! …. .
IT would seem that the Planning Law changes were long in the making … remember HT said when he arrived in Sydney:
“I looked at Bondi Beach. Bronze bodies. Unbelievable. I looked at the red roofs. No flats, [just] cottages everywhere.’ So is this why Harry set about changing the built environment … ?
FOREIGN ‘Investment’ Companies like these are operating in a space that seeks to gain ownership dressed up as ‘investing’… the customers for these purpose built student accommodation are with little doubt from the same origins … so profits are designed to leave our shores along with the Title Deeds!
HOW do they do this? By setting up a business trust in Australia to acquire property …
These developers are long term planners … they are looking for ownership over a long period of time in Australia.
An opportunity to accommodate their students in a closed environment where they control it!
Our universities had a proposal to begin flying in small groups of international students from July … 300 were set to fly to Canberra to be quarantined in hotels. The ACT along with South Australia planned to get this off the ground with other states to follow ….
HOWEVER with the current outbreaks of COVID-19, it would seem that those pushing this are those that have the most to lose in their business model based on fee paying foreign students
It is a worry, just goes to show what depths these Edu-entrepreneurs will go to … to have tax payers subsidise foreign students even though they say the student pays, every other cent spent by the University is ultimately sourced from the public purse.
Singapore-listed developer Wee Hur Holdings has moved one step closer to realising its Australian student accommodation ambitions, appointing Intergen Property Group to manage a $700 million Purpose Built Student Accommodation fund.
ORANGE and the surrounding villages and towns. Canowindra hot air ballooning
WHY are MILLENNIALS Moving to Australia’s Regions … and Big Towns?
Of course, many Millennials are now moving to the regional cities … big towns that have the infrastructure …
SYDNEY for one has lost its appeal to many … the fuglification … the congestion …
IS it just real estate prices, or is it because Australians have had to compete with foreign ownership?
… over this period from 2011 to 2016, and up to the CoronaVirus Pandemic … during the terms of the Liberal Coalition in NSW …
KEY POINTS … from a Report determining population growth and movements …
-between 2011 and 2016 regional millennials are moving to other regions; not to capital cities
-Sydney lost more to the regions
-they were more aware of the benefits of living in the regions
-with a move to Orange there was no longer a two hour commute to work but an 8 minute drive
-able to buy a home
-they are seeking mid-sized towns with a hospital, airport, university, jobs and lifestyle!
-the regions attracted 65,000 more than they lost to capital cities
THIS no doubt reflects the very pooor policies of the NSW Liberal Coalition …
Turning our SYDNEY Town into what the Foreign Buyers have fled …
LET alone the nasty consequences for our Australian Society with a whole Cohort locked out of Sydney by not only competition from foreign acquisition … but the loss of livebility … the long commutes … that many have sought an attractive lifestyle in the Regions!
Described as a ‘highly functional community asset’ for some … perhaps it does complement the awful high-rise Precincts … can we look forward to their demolition in 30 years or less … just as NSW INC did with the Bicentennial Projects at Darling Harbour?
NORTH RYDE VILLAGE PEOPLE might well say, ‘Why haven’t we got one too?’
To connect them to the neighbouring Business Parks and the Hong Kong North Ryde Metro … so they can train it to the city, Chatswood, Macquarie Park, Hornsby … across Sydney …
WHY do the North Ryde Village people have to endanger their lives crossing Epping Road esp those using a walker frame? To catch a bus on the far side of Epping Road. Or then take a long walk around the North Ryde Business park, or to traipse alongside the very fast moving traffic ‘coming at you’ on Epping Road, and then up Delhi Road to the Metro Station?
HOW come this hyperlink bridge was built connecting the new ‘permanent residents’ of China’s Greenland Lachlan’s Line and China’s Country Garden (AKA Risland) Ryde Garden? That would seem very convenient between the two new Precincts with their connections to all the adjacent business parks!
CHATSWOOD is currently being built by the CCP … is that why?
North Ryde and Macquarie Park were developed some 30 years ago as Business and Information Technology Parks housing commercial buildings set in bushland and native garden settings that blended with the local residential areas, and provided business and job opportunities for locals.
WHY did the NSW Liberal Coalition Government not respect this?
Instead in 2012/13 the North Ryde Precinct was the Government’s experiment in ‘Community Consultation’ with a selected group of residents prior to the announcement of this Precinct. It was fait accompli!
Where Lachlan’s Line stands this area was Public Land temporarily used for the construction of the M2 … why wasn’t it reclaimed for parkland or another business park?
Was a $40M hyperlink a bridge too far for North Ryde Taxpayers?
Apart from widening Delhi Road, Lachlan’s Line now has a skate park, and village green included!
Meanwhile NSW INC is wrapping up the tender process to sell off the next two stages of Lachlan’s Line for an additional 950 homes. Will the allocated affordable housing be included? That is for very low, low and moderate Aussie income earners. Or will that housing be out on the fringes?
The latest data issued by the Government reveals that 8000 people have flown here since the closure on 20 March! Between 20 March and 1 June 2020!
On Wednesday 10 June Australia had only two new cases of Covid-19. Both had returned from overseas and were in Sydney in hotel quarantine.
How come not all travellers are forced into quarantine?
Not everyone has been forced into quarantine when they arrive in Australia – and some returned travellers, including a diplomat who lives in Canberra, have exposed others to the virus.
Those exempt include:
-airline and boat crews (excluding cruise ships)
-unaccompanied minors can seek exemption as with those on compassionate or health grounds
Most returning were citizens or Permanent Residents. With the increase in Permanent Residency since 2013 particularly from China through Real Estate Tourism perhaps stronger measures ought to be taken? They may not have spent long prior here in Australia …
What could be more compelling than ensuring the well-being of Constituents? Why increase the risk for Australians from some foreigners made exempt due to compassionate or compelling reasons?
The WHO has advised that it can take longer than 14 days to become infected!
So a traveller could be infected with the virus after release from hotel quarantine.
Government funding for Qantas and Virgin Australia has run out with these airlines now regrounded for international flights. Yet some overseas airlines have resumed flights to Australia!
Four new CoronaVirus cases from returned travellers were found in a Melbourne hotel last week with hotel staff members in self-isolation!
CAAN takes a look at a report by Peter Jennings on Foreign Investment Laws
DESPITE the huge sell-out of Australia since 1975 through the foreign acquisition laws … it is only now that the Treasurer has taken further steps for reform …
WAS Australia forsaken by the property sector? When not content with building for the Nation it was granted a ruling to sell 100% of ‘new homes’ overseas particularly in China … it did not stop there … because through buying our real estate these foreign buyers could also gain permanent residency!
It would seem together with the international student market a cabal was formed which has enabled the stealth attack on Australia’s intellectual property … it’s been like a walk in the park …
IT is alleged that Scomo when Treasurer in 2016 closed the loophole for the NT government to lease the Port of Darwin to Chinese-owned Landbridge in 2015 …
Yet despite the federal government having responsibility for national security the lease was issued!
CHINA does not allow foreign investment in its strategic assets …
Obviously with numerous reports on China’s espionage … and NOW Xi Jinping has confirmed the CCP’s control over all businesses including ‘private’ businesses …
-all companies and individuals have to co-operate with China’s intelligence establishment
Based on Australia’s experiences so far with China’s cyber and individual spying on our Parliament, political parties, government departments, universities and businesses … why engage further?
AS they acquire our Property (residential, agricultural and commercial) and the Silent Invasion of members of the CCP proceeds …
How can we be sure of preventing such espionage?
WHY go there? The World is a big place …
OBVIOUSLY with no protection for Australia’s National Estate … our Title Deeds perhaps our Biggest Export … is it any wonder that Beijing displays such contempt?
Chinese investment into our universities and research institutions has been large …
WHY was Australia slow to grasp that with Chinese ‘co-operation’ in our research that our intellectual property would benefit the PLA?
HOW will compliance requirements and penalties possibly be sufficient?
NOT much in this for Australia because there is no retrospectivity with the laws once passed! Australia has to live with the repercussions of the loss of a large share of the electricity grid, gas pipelines, and ports now owned by the Chinese!
Peter Jennings has come up with a solution that the government use its constitutional powers on national security grounds to take back control of the Darwin Port; and remunerate Landbridge.
Why doesn’t the Federal Government take the Port back?
Further, that the US, the UK, Canada and other democracies are also big investors in Australia … with China eliminated that could well encourage more involvement from others! Not that we all agree with foreign acquisition …
HASN’T taking China’s money been at the price of Australia’s national security and values too high a price to pay? … And it seems to have been totally unnecessary!
READ MORE from Peter Jennings, ‘China will be surprised how long it took us to act on Foreign Investment Laws’
WILL the Outcome from the CV Pandemic be a Return to a Sustainable Multi-Cultural Migrant Intake from across the Globe?
Because these ABC journalists, Bang Xiao, Christina Zhou and Iris Zhao wrote this report, ‘How the coronavirus pandemic could shift the multicultural make-up of our society’.
WITH Australia having the highest concentration of international students … did anyone … including foreign students ponder how long this could continue with a majority of overseas students occupying places in Australian Universities?
DUE to the Pandemic it has come to a head perhaps sooner … whereby the PM has had no alternative but tosuggest they ‘go home’!
Was there not a similar unpleasant response across the globe? With a World-wide Recession underway? Resembling that of the Great Depression of the 1930s ….
Were these students unaware that in their large numbers they have replaced Australians by paying full enrolment fees?
That these students have been ‘cash cows‘ to fund our Universities due to Government withdrawal of funding?
Numerous reports have been issued concerning the impact of a large cohort of International Students with:
-disruption to lectures due to some students having poor English language skills
-cheating; lowering of standards
-less places for Australian students
-high Australian youth unemployment and underemployment with increased competition from student/visa workers
Prior to the pandemic unemployment and underemployment was at 19.7%, and for years, the Labor opposition, unions, economists and others have been urging the government to increase ‘Newstart’ which was below the poverty line. With it being rebadged as ‘JobSeeker’ the payment was increased but it is due to return to below the poverty line rate in September!
Many Australians have lost their jobs, and many more may lose the security of their homes due to the Pandemic … so the Government does need to look after its citizens first!
Due to trade, tourism and the Australian property market largely targeting China, Australia no longer appears to be so ‘multicultural’ … this concentration has intensified since 2013 …
Perhaps it would be good to diversify esp. with the threats coming from China, and those with vested interests?
It would seem that Australian Universities need to demand government funding to ensure security of intelligence and R & D esp. since the cyber attacks on data at the ANU! And the interference from Confuscious Institutes … an example being the UQ and its suspension of Philosophy Student, Drew Pavlou.
View this report: ‘ UQ management “tip of the iceberg of a totally corrupted system” ‘
and Search CAAN Website for more about Drew Pavlou and the University of Queensland.
ONCE again it is put that in Australia not rendering financial support to international students that this may discourage future enrolments, and a loss of the alleged fourth largest export sector.
HOWEVER, Macro Business questioned the veracity of a $37.6B contribution to our economy supporting 240,000 jobs following a media release by Education Minister Dan Tehan in November 2019 that education exports had grown by $5B in 2018-19. Further, that the ABS found the sector had grown by 15%.
BUT what is not mentioned are tuition fees and expenses while studying in Australia and their goods and services of $20B that they pay for from working in Australia as they study outweigh enrolment fees of $15B in 2018.
‘International students work here to pay for their living expenses just as Australian students do!‘
IT has been the lure of ‘Permanent Residency’ that has enticed the majority of these international students.
Now the Pandemic has been a cruel blow! But not only for International Students but Australians with many unable to gain a place at University …
Prof. Salvatore Babones’ research (August 2018) reveals that Australia has the highest concentration of international students; with the UK and Canada following
Total overseas student enrolments increased to 918,000 including 435,000 enrolled in Universities.
Overseas students accounted for more than 80% of some of Queensland’s most popular university courses
-foreign students filled some 75% of places in key university courses
-occupy 82.4% of places in IT courses at University of the Sunshine Coast; 2 thirds of places at James Cook and University of Southern Queensland
-at UQ in exchange for selling places to Chinese students it gains $250M a year
-overseas students outnumber Australian students in IT, management and commerce courses
CIS Emeritus Professor Steven Schwartz, a former vice-chancellor of Macquarie University in Sydney and Murdoch University in Perth, said foreign students flock to courses likely to lead to jobs and permanent residency, such as IT and management.
“Permanent residency is one of the main motivations to study in Australia,’’ he said.
“If suddenly permanent residency was given to people who study poetry, it’s likely they’d all be doing poetry.”
SO next time you hear of an Australian politician extolling the benefits of an alleged $37.6 B International Student Export Industry update them on what is really happening!
Read more: ‘The uni courses being taken over by foreign students’
Cash-hungry universities are offering more places to fee-paying foreigners than to local students in 64 courses nationally, data obtained exclusively by The Courier-Mail reveals.
FOR years … decades … Australians have been subject to callous treatment by politicians and Liberal Coalition Governments with WorkChoices by Stealth; the casualisation of the workforce; competition from Visa workers for jobs (introduced by Howard Govt)
Come September those Australians in receipt of JobSeeker (previously known as Newstart) will have this payment cut to return to below the Poverty Line!
PRIOR to the Pandemic Unemployment had reached 19.7 %
No doubt there is even more hardship to be experienced across Our Society … unbeknowns no doubt to many … with the Morrison Government only announcing in 2019 of its cut to migration to 160,000 as it overlooked the 2.3 Million Temp. Visa holders in the country …
Yet the 2019 Budget estimates reveal high levels of net overseas migration (NOM) to rise to 263,000 in 2022.
Will the Morrison Government put Australian workers and jobs first and desist with the high temporary migrant visas of some 2.2 , or 2.3 Million p.a.??
Hence even more competition for jobs, housing, and lowering of living standards … for the incumbents …
ASK why demographers like Liz Allen deliver this message that Australia would be:
“economically and culturally poorer” as a result of near-zero international migration due to border lockdowns.
WHEN our Unemployment is at 20% (or more), and with largely people from China targeted for migrant intake where is the cultural diversity? Australians are now enjoying a reprieve from traffic gridlock, the crush in schools, buses and trains, and would prefer the lockdown to remain!
LIZ Allen perhaps ought contemplate … Liz ought to get around … and see for herself the demographic change across Sydney in Chatswood, Macquarie Park, Epping, Ryde to name a few and contemplate how this may impact Australians when they are now in a minority? What of job opportunities for Australians within this demographic change?
To find that all shopping malls, shopping strips, restaurants, cafes, the businesses, and shopping centre seating are taken over by new ‘Permanent Residents’, and some even speak to Australians in an authoritarian manner! As where we live is rezoned for higher density, ‘new homes’ sold by developers to these overseas buyers … and so on!
During this Pandemic despite the ‘Social Distancing’ signage many of these people disregard the guidelines and walk up behind in groups too close to Australians in their midst!
HOW discriminatory is that? Some Australians may be annoyed by this …
LET alone the facts of very poor even KRUPT Government policy allowing such overseas Visa holders to buy our Real Estate with ‘hot money’ … as many as six ‘new homes’ on a Guardian Visa … etc, etc …
The Real Estate Gatekeepers having been made exempt from Anti-money Laundering Laws in October 2018 by the Morrison Government.
WHY does Liz Allen say that ‘Australia desperately needed migrants to stay and contribute to maintaining the economy, and, in time, rebuilding after the pandemic passes’ ? WHEN Australia already has 20% plus Unemployment?
WHOSE interests does Liz Allen represent?
FOLLOWING the devastation of the Pandemic what country if any, is likely to offer better options?
Liz Allen continued to beat up Australians with her emphasis on ‘White Australia policy sentiments’ which bears no resemblance to the multi-cultural society that we have had until the past seven years …
IN regard to the matters we have referred to it would appear that in fact contrary to Ms Allen that Australians have borne the brunt of very poooor government policies.
That since the advent (some would say the onset) of the Liberal Coalition, living standards, quality of life, lowest wages growth for 60 years, and insecure work, unaffordable housing etc, etc … that let’s hope the Australian Government does focus on keeping Australians in work and business now and beyond the CoronaVirus!
Read more from this article: ‘How the coronavirus pandemic could shift the multicultural make-up of our society’.