UTS began preparing for a worst-case scenario collapse between Australia and China having to assess the prospect of evacuating staff and the loss of $Ms in student fees!
The paper, “Distentanglement – UTS China activities worst case scenario”, was prepared by an internal China Working Group.
Stating “the most substantial challenge” would be faced by staff at risk of being detained in China and who would require repatriation.
HOW come International education has not been affected by the China/Australia trade stoush like that of coal, barley and seafood?
IS it because this is about People?
-Chinese student commencements have increased almost 10 per cent in 2021
.currently online during the Lockdowns …
IS this because these students will gain a Permanent Resident Visa? … Not only can they attend out education institutions, but they can buy our real estate, and bring out family members on other Visas …. e.g. …. Family, Parent, Grandparent, and Guardian!
It’s a bit like the Trojan Horse, isn’t it?
‘Worst Case Scenario UTS Contingency Plans if Australia China Relationship collapses‘
Despite the Delta variant wreaking havoc, the majority of our key workforce of 16 to 39 year olds, and our children have not been vaccinated …
… Qantas has now revealed it has had a seat at the table with Sc.mmo, and is calibrating for reopening international borders not only to benefit Qantas, but because the property titans want the return of international migration, tourists, students and Visa workers … many seeking Permanent Residency …
… also at the Table, Housing Industry Association economist, Angela LilliCRAP (we didn’t make this up!) said population growth was pivotal for housing and the construction consortia.
-Qantarse has revealed its mapping for reopening our borders
-the property industry awaits full return of migration, tourists, students and workers
-in the next 18 months flights to and from Singapore, Japan, the U.S., the U.K., Canada, Fiji and possibly NZ from mid December and to Hong Kong in February
-in April Bali, Jakarta, Manila, Bangkok, Phuket, Ho Chi MinhCity and Johannesburg
-the HIA economist Angela Lillicrap said population growth was key to the home building industry
–population growth was said to be stagnant at 0.5% with an increase of 136,300 in 2020 … not 70,000 but 136,300 (ABS)
WITH recent price increases having pushed home ownership beyond the reach of EVEN more AUSTRALIANS, what will make agents desist from jacking up house prices?
Mr Lawless from CoreLogic ‘expects price growth to slow even further once lockdowns end and more people list their homes for sale.’
“You wouldn’t expect housing values to continue rising at this pace for such an extended period of time.”
And many reckon the price hikes are due to ‘cheap money and high household savings’. But is that it entirely?
It’s got nothing to do with the role those whose job it is to sell at the highest price? And … in a time now where many other businesses are going to the wall and thousands of workers have been stood down!
IT’S about ‘Buyer Beware’ … Caveat Emptor
TIPS WHEN BUYING A HOUSE … and why if you see the following you should offer less! Much less!
We recommend you have two private inspections (at least) if you are keen on a property.
This is a guide only to help you decide whether to proceed. And if so, immediately organise for a Building and Pest Report from an accredited Inspector, before handing over a ‘Holding Deposit’ which you will lose if you do not proceed!
Havea wander around the outside and look for:
–mould growing on walls; moss on concrete slabs
.there will likely be a need for expensive drainage with surface and/or ag drains
.that will cost more if concrete paths or sandstone have to be cut to install drains
-concrete and paving, garden beds up close to the edge of the concrete slab that should be exposed (hides termite entry)
-have a look at the foundations; are they in good condition? Is there moisture? Are termite trails visible?
-some newly named ‘wealthy suburbs’ of Sydney have ground water penetrating the sandstone on which foundations are built! Oh, Mongrieff Dr!
.this may very well impact whole streets of homes built on hillsides
.and water may penetrate lower ground rooms!
-look for the meter box to see if there is a notice about a termite inspection and/or treatment; note the date
.some bushland fringe suburbs of Sydney north of Wahroongah, and the Northern Beaches are more prone to termites, and by the time of settlement 6 weeks later termites may have destroyed roof timbers! Costing $100s of thousands to restore at the buyer’s expense!
Is the house located below the level of the street?
-there could be water issues
Is there a creek at the rear and near to the property?
-if the agent says the owners have not had a flood, do your due diligence!
Inside the house
Is the house musty?
-look for mould growth it may be more than about the house being shut up!
.look into the wardrobes including the top shelves and walls to the ceiling, and other cupboards
Look for deep and or long cracks that may indicate movement, settlement
Uneven floor surfaces; movement in the floor
Or have tiles uplifted e.g. in the laundry that may indicate ‘concrete cancer’ due to the application of magnesite when
the concrete was levelled!
Is there a sewer blockage?
Does the toilet fill up and very slowly empty?
.the sewer and stormwater may need complete replacement!
How good is the water pressure at the kitchen sink?
IF you like the property despite some of these issues organise for a Building and Pest Report that will cost $550 – $650 for both the inspection and report.
But a lot less than having to do these restorations after paying too much!
RELATED ARTICLE concerning the House Price Hikes!
READ MORE! Lockdowns push house prices even higher as new listings fall
‘Asad worked as a translator with the Dutch Army in the Uruzgan Province from 2007 to 2010, then with the United States Army in Kandahar, before joining the ADF as an aviation security advisor at the Kandahar airfield in 2011.
Two years later, he applied to Defence for protection under the Locally Engaged Employee visa program (LEEs) after receiving a death threat from the Taliban.’
Following this …
‘A serving member of the Australian Defence Force who worked with Asad and wrote a letter of recommendation which was submitted as part of his LEEs application.
“Whilst in the performance of his duties, Asad has placed his life and that of his family at risk in order to facilitate coalition and Australian success within Afghanistan,” he wrote.
“I value this man’s integrity and friendship most highly.” ‘
Are you aware that if he were to have the means to invest in Australia’s Real Estate or business it would be a different matter? Especially ‘Hot Money’ with the Real Estate Gatekeepers exempt from the Anti-Money Laundering Laws in October 2018 by the Morrison Government!
But CHARACTER and service to Australia and our troops evidently means ZIP!
This is what we are referring to! It has been happening for years now through Visa manipulation. And again recently under the Cover of Covid …
READ MORE ABOUT ASAD: ‘Afghan interpreter rejected for protection visa evacuated to the Netherlands’
Who are ‘the Suits’ in Australia … the ‘Judas’ in our midst seeking more Hot Money in our Real Estate?
Is there no end to their greed?
How about our Rich Listers fly off and buy in Beijing … Shanghai … ?
Juwai IQI chair Georg Chmiel has reported that in both Los Angeles and Montreal house prices have surged triple that of Sydney …
Enough is enough!
Not only should the Australian Government put a stop to ‘foreign buying of our home market’ through the Foreign Investment Review Board (FIRB) ruling, but it should reverse the exemption granted to the Real Estate Gatekeepers for the second tranche of the Anti-Money Laundering Laws.
Weheard much … in fact continuously about the cheap money from the banks and government grants for First Home Buyers and renovators which pushed up house prices … again to benefit this Sector! And through Government media, Australia was promoted as having largely restricted the Pandemic outbreak … was this to entice more foreign buyers?
This campaign has locked out even more Australians seeking a home.
Where is our federal government intervention? At least in New Zealand their central bank has introduced lending restrictions to pull up these runaway house prices unlike here where investors have taken up where First Home Buyers have again been locked out of home ownership.
According to Chmiel our city house prices are closer to the ‘middle of the pack’ … cheap, eh? Our price growth he says is measured, that in London and Tokyo fell by 6% and 7% … we wish! True, our borders were closed to migrants and Australians stranded overseas, but not to some 15,000 wealthy foreigners especially Chinese buying our mansions, and homes with large land lots!
Is this government going to risk the health of its constituents, and our broader economy just to look after the property sector?
How can the impact of foreign buyers be muted when millions are either of Ultra High Net Worth or HNW can fly into Australia? China has 1.4 Billion people keen for the uptake of new builds … inner city apartments, mansions and suburban homes … that is looking like a plague in proportions!
We figure a lending intervention will only work if at the same time the Government puts a stop to ‘wealthy foreigners buying our homes’
It’s time the government looked at the role of the agents in all of this … during 2021 we had the Open Homes of 100 or more buyers now replaced with one to one private inspections booked on top of one another …
Followed by auctions or Private Treaty where agents communicate inflated prices on properties setting up FOMO buyers!
An increase in supply will only work to return this market to Australians if the Government puts a stop to the overseas sell-off .
Clearly we were set up not only by the big boys in Real Estate but the RBA! FFS!
‘ …Centre for Independent Studies chief economist Peter Tulip said it was “well within possibility” that Sydney house prices would rise by 30 per cent by the end of the year.
“Almost all of that has just occurred within the past six months, as I understand, so we are on track for a very large increase in 2021.”
In 2019, he modelled for the Reserve Bank of Australia that a permanent one percentage point cut in the cash rate would result in an increase in house prices of 30 per cent after three years.’
WHAT role have the realtors played in this price hike? They do set the price …
The pattern from the end 2020 was for agents to advertise a home $100,000 below the guide said to attract more buyers.
But then in January 2021 prices were advertised $200,000 above that gained just weeks earlier! For like homes … however some did not even have a lick of paint!
‘ … the massive daily house price growth has locked many people out of the market, including first-home buyer Pankaj Kumar, who has been looking to purchase a house in the Ryde area for more than three years.
He started with a $900,000 budget in 2019. But even with an increased amount of $1.65 million today, he is still priced out of the area.
“There was a time when properties were selling $30,000 or $40,000 above [the price guide], but when they go $300,000 above, you can’t budget for that,” Mr Kumar said. “It has become impossible.”
‘The Ryde region recorded one of the highest house price rises in Sydney, jumping 11.7 per cent – or $219,500 – in the second quarter to a median of $2.1 million.
It rose 26.9 per cent – or $445,000 – in the year to June.‘
‘Sydney house prices reach record median $1,410,133 – rising almost $1200 a day in just three months’
OBVIOUSLY we do need a ‘top level Inquiry into Uncontrolled House Prices‘ because this not only locks out many Australians but may well negatively impact wealthy Boomers who have gone guarantor for their families to buy a home!
WHEN will the Scummo Government do what it should?
This project has been ongoing for some time now, and evidently revised further during COVID. Rezoning Frenchs Forest and releasing a draft place strategy.
In the process sadly many lost their homes, and/or amenity and their community rights through the rezoning.
The government has released a draft place strategy that calls for a new town centre created around the relocated school, 1,000 new homes and 1.5 hectares of new public open space.
15 percent ‘affordable housing’ an improvement of 5 percent!
New homes in apartment blocks up to 12 storeys, townhouses and terraces.
Another 1000 homes for surrounding ‘transition areas’ …
Meanwhile through onshore proxies and Juwai, overseas buyers too can gain benefits and buy Australian real estate if they are an:
‘Australian permanent resident’, a ‘foreign citizen living in Australia or outside Australia’!
It would seem this is why where we have lived has forever changed!
Much higher density and smaller ‘homes’ … for heap$ 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!
‘Investor Ying Yu has added to her already hefty property portfolio, buying an $8 million house in Vaucluse on the quiet to create a family compound on a prime hillside holding with gun-barrel Harbour Bridge views at a total cost of more than $32 million.’
Is Ying an onshore Proxy? Her registered home remains the Mosman residence.
-in September 2019 she purchased a 9-storey building in North Sydney; George Patterson House, for $115M.
-October 2019 Mosman trophy home for $20M from Wilson Xue, known as China’s ‘Shoe King’; and an advisor to Australian Council for the Promotion of Peaceful Reunification of China
-2020 a Vaucluse mansion with a tennis court and swimming pool for $17.5M, and the house next door for $7M
–Yu’s $32.55M parcel of three houses in Vaucluse and her Mosman property were all purchased without any finance
–Yu’sVaucluse parcel of more than 2200 square metres
Little-known property investor quietly secures $32m housing parcel in Vaucluse