How Australia has become a Haven for ‘Hot Money’ …

How Australia has become a Haven for ‘Hot Money’ …

APART from all those Aussie Homes that don’t get to be listed on Domain or RealEstate.com

where the neighbours have not seen a ‘For Sale/Auction’ Sign … but then the removalist turns up!

And home buyers and First Home Buyers wonder why there are so few homes advertised for sale?

Because it’s now been revealed … as we long suspected … that they have been sold online or through a Proxy here to High Net Worth, Ultra High Net Worth and Middle Class foreign buyers … seeking Permanent Residency in Australia for their extended family!

SO it now appears why some in the property sector have been so smug and repeatedly blaming the low interest rates and government grants alone for pushing up house prices.

EG Advisory managing director Shane Geha reckons that buyers should not hold out for the housing bubble to burst. And he predicts with dwelling prices having already increased by 20% in the past 12 months that there will be another 10% increase before year’s end!

Geha reckons that it is the Expats alone are coming back with Millions $ to settle or invest back in Australia with so much cash … and that Australians have found plenty of extra pocket money during the pandemic ... despite many on low wages … and how many thousands having lost jobs!

Published by News Corp: https://www.news.com.au/finance/real-estate/australias-property-prices-will-continue-to-rise-with-no-bubble-to-burst-expert-says/news-story/5451063177b4be140332f6ca519d9449

Sadly what more could we expect from Geha and Murdoch Family’s News Corp?

DESPITE the Four Corners programme on Sunday, 3 October 2021, ‘The Pandora Papers’!

READ this from The Saturday Paper!

‘Pandora’s Box of Tax Dodgers’

https://www.thesaturdaypaper.com.au/post/max-opray/2021/10/04/pandoras-box-tax-dodgers

‘Real Estate Corruption Exposed’

https://www.thesaturdaypaper.com.au/post/max-opray/2021/10/05/real-estate-corruption-exposed

SEARCH CAAN WEBSITE for more info about:

-the range of Visas including Family, Parent, Grandparent, Guardian etc;

-the second tranche of the Anti-Money Laundering Laws exemption for the Real Estate Gatekeepers (real estate agents, lawyers and accountants)

-buyers from Hong Kong and Singapore

CAAN WEBSITE:

https://caanhousinginequalitywithaussieslockedout.wordpress.com/

Teflon Gladys … Why has Mainstream Media been calling it ‘Gladys Shock Resignation’ with the ICAC Investigation set to Begin?

LATEST REPORT FROM SYDNEY CRIMINAL LAWYERS

WHY has mainstream media been calling it ‘Gladys’ shock resignation … ?

-media owned by Murdoch … and 9 Entertainment steered by former Lib Treasurer Peter Costello

DESPITE … the previous ICAC hearing revealed her relationship with disgraced former MP Daryl Maguire

-‘pork barrelling’

-allocation of grant money; funding for roads and taxpayer funded community projects

-late 2020 GB’s office shredded at least 3 documents related to distribution of $252M in Stronger Communities Fund grants

. 95% allocated in Coalition seats prior to 2019 state election

READ MORE!

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What does Evergrande’s Debt Crisis really mean for Australia?

IS it because the CHINESE all have excessive high debt levels?

NEXT …

Does BEIJING have the resources to save Evergrande?

With the economy weighed down by debt and COVID-19 where will the cash come from?

PRIOR to COVID-19 in late 2019 China had incurred 7 X more debt than gross domestic product

WITH a $3 Trillion fall in market value of China’s most productive companies

-printing renminbi in the absence of real growth would lead to hyper-inflation

-too many Evergrandes

e.g. Sinic Holdings Group; its stock dropped 87%

.Guangzhou R & F Properties also facing serious difficulties

.Chinese banks are exposed

CHINA’s property sector is seizing up; home sales are falling quickly

IF Chinese leaders prevent a Lehman style crash by mobilizing state enterprises and banks China could face a decade or more of stagnation!

.debt to GDP ratio soared by nearly 45% in 5 years

.Evergrande’s debt amounts to 3% of China’s annual GDP

WHY would China face a decade or more of stagnation?

Because the CHINESE all have excessive high debt levels!

WHAT does this mean for the U.S. and AUSTRALIA?

READ MORE!

‘EVERGRANDE’S Debt Crisis: Time to Ditch China’

https://thehill.com/opinion/finance/573397-evergrandes-debt-crisis-time-to-ditch-china

The Chest Puffing Announcement about the Acquisition of Nuclear-powered Submarines

Relations with China have changed much from Prime Minister Whitlam’s establishment of diplomatic relations in 1972, and the 1973 diplomatic trip that paved the way for rapid expansion. 

By 2008 Australia’s two-way trade with China was worth some $68Bn.

However, with the reign of Xi Jinping China has rapidly grown as a World Power …  yet it has taken the Liberal Coalition a long time to come to terms with this! 

In delaying action to address our reliance on the PRC as our major market!

We have in fact exported Australian businesses and jobs to the PRC … we have lost much of our manufacturing to China so that now we are in short supply of cars, building materials, and more … much of which are imported from China!

WHAT about the IRONY of the sell-out of Australia … that has accelerated since 2013?

The TROJAN HORSE of fly in and buy-up of our property from the great behemoth above, Singapore and Hong Kong?

When last we looked there have been no changes to the FIRB Ruling allowing developers to sell 100% of ‘new homes’ to foreign buyers esp. in China; this accelerated from 2013!

And the Morrison government ‘Under the Cover of Covid’ quietly began prioritising visas for ultra-wealthy foreign investors late last year’ (2020!!!)

READ MORE!

AND …

The LIBERAL COALITION has not introduced the second tranche of the Anti-Money Laundering Laws for the real estate gatekeepers.  In fact they were made exempt in October 2018!   So that ‘Black Money’ from China is awash in our Real Estate!

The Irony of all this is, we must make sure we can rely on our allies, the USA and UK for protection because we are so hopelessly backward with our military capabilities, it’s laughable.

As CROOK as this government is on every policy under the sun with a prime example such as the sell-out of our property – residential, commercial and agricultural to these foreigners …

And Australia’s economy is based on Housing rather than investing in green jobs, artificial intelligence and robotics like China and the United States, our wall of money is wasted on Real Estate!

AS said by Economist Yanis Varoufakis recently on ABC Q & A!

Now given the constant bullying and threats of sorts from the great behemoth above and beyond, so that when it comes to border control and hard-line security, the LNP make much of their stance now through the media that they are doing something … but at the Taxpayers expense

Who are buying this?

SO we must remind ourselves and others that the ScOmO government have not earnt another shot at winning the next election!

Following daily reports of rising Covid-19 victims and the everlasting lockdowns … with  loss of life for too many … enormous stress and strain for medical professionals, many Australians suffering Long Covid, businesses and livelihoods destroyed … the devastating impact of this may live on for decades. 

Why did ScOmO Government fail to order the Pfizer when documents reveal that Pfizer reached out in June 2020 for a meeting with federal Health Minister Greg Hunt, but he did not take up the invitation! Inadequate supplies slowed the rollout. This government failed to build quarantine stations hence the spread through the hotels, and the wider community!

Why did ScOmO seize on this AUKUS Pact with much media fanfareis there an election coming up?

On Tuesday, 14 September 2021 ScOmO greeted the media … it looks like they were all there …

‘G’day’ he said, and announced that the ‘relatively benign security environment’ is now behind us, and that Australia is now a party to a partnership with the United Kingdom and the United States to maintain peace, stability and security in this our region!’

Apart from this binding Australia to a US war on China … it has led to France recalling their diplomats from Australia … today we heard a news report that ScOmO talked with the French a day ahead of this announcement, and that allegedly there had been problems with the French submarines that had not been resolved.

WHO will foot the BILL to compensate the French, and Who will foot the bill for these very expensive nuclear submarines through this partnership with the US and the UK?

TAXPAYERS … not the wealthy investor class who eliminate taxation, but the pay as you earn taxpayer mugs

… who are looking to a future of life long tenancy … with very little prospects as they have insecure work and low wages …

This was all set in train with the policies of the Howard Government in the late 1990s and ScOmO counts the former prime minister John Howard as his political inspiration.

In the Abbott Coalition Government ScOmO was unflinching in the plan to “stop the boats”. With a policy of turning back boats that attempted to reach Australia. “If people seek to get here the wrong way, they won’t get here,” he said. 

YET foreign money launderers can fly in and buy our homes!  And gain a Permanent Resident Visa!!

There are too many other failures of this government to mention … as we are subject to this latest CHARADE!!!

READ MORE!

Our Young People have been Paying a ‘Heavy Price’ for some time!

THE Delta Variant, it appears, has only worsened the predicament for our Young People

BECAUSE in the lead-up to this, globalisation was costly for them … they have been paying a ‘heavy price’ for a long time

-they were bearing the brunt of job losses and low wages from the late 1990s policies:

.with competition from hundreds of thousands of temporary Visa workers

.and low wages growth

.loss of Award conditions

EMPLOYMENT for young people had just begun to recover with border closures to Visa workers

.but the Delta variant has plunged us into Lockdown

More PANDEMICS are likely … does it make $ense to maintain an economy based on low paid Visa workers?

READ MORE!

Philip Lowe: Young people paying ‘heavy price’ for Delta containment

https://thenewdaily.com.au/finance/finance-news/2021/09/14/philip-lowe-rba/?utm_source=Adestra&utm_medium=email&utm_campaign=Morning%20News%20-%2020210915

Chinese Buyers enjoy Bonza Buy of Australia’s Farmlands!

CHINESE Buyers enjoy Bonza Buy of Australia’s Farmlands … we read this report, ‘’China-Australia relations: Chinese buyers defy Beijing-Canberra blues to say ‘Bonza’ to farmland Down Under“, and it raised many questions for us! We hope you will think about what we question, and share with others!

WITH the diminishing availability of Australia’s farmland, and with it increasingly becoming a popular asset class for Chinese, are we missing something here? Why the disconnect?

WHY aren’t Australian investors ensuring the wealth of Our Nation by investing in this very valuable resource with a very large demand for our produce coming from a hungry 1.4 Billion Chinese?

IT appears we are losing this resource on two fronts from the PRC!  …

With the property sector encouraged, and allowed to devour this precious resource through urban sprawl?

WHEN it is contrary to the interests of not only Our Farmers, but Our Nation and future generations!

WITH the diminishing availability of Our Farmlands, why does the FIRB allow the sell-off to foreign buyers particularly China?

HOW credible are the ‘frosty relations between Canberra and Beijing?” 

WHERE are the so-called restrictions on these foreign investments in our most valuable resources?

.yet China’s investment only fell by more than a third to $827.6M in 2020

HOW is it alleged that Chinese investment in Australian farmlands benefits our Nation? 

When Australia has lost ownership?  Agricultural lands account for 11% of our exports.  How much of that 11% is now owned by the Chinese?

WITHOUT the need for government approval for buying Australia’s property valued less than A$15M, is it any wonder that Chinese investors have the largest holding of 9.2 million hectares?

. also cover investment in vehicles or funds that buy stakes in agricultural lands

WHY not hold onto Australia’s farmlands for our farmers to sell produce to China’s fast-growing Mainland market?

BECAUSE China’s demand for these imported commodities and refined agricultural products will only grow! Currently China accounts for some 18% of Australia’s farming exports!

WHY isn’t the Morrison Government ensuring the viability of our Farming Sector? So that our Farmers are not forced to sell out!

HOW dumb are we?

READ MORE!

‘’China-Australia relations: Chinese buyers defy Beijing-Canberra blues to say ‘Bonza’ to farmland Down Under

https://www.edgeprop.sg/property-news/china-australia-relations-chinese-buyers-defy-beijing-canberra-blues-say-bonza-farmland-down-under?__cf_chl_captcha_tk__=pmd_8r9gzm5ifWqRf0JGsSdlZnhoOqD0YzJnSiuYY5Ddrd4-1630469360-0-gqNtZGzNA3ujcnBszQc9

About Berejiklian’s Direct Link to the Committee for Sydney

Most Sydney Morning Herald Readers are not buying this from ‘The Committee for Sydney Influencer’  former Berejiklian Staffer, Ehssan Veiszadeh.

Commentators have their say about why Lockdowns are necessary!

-And the fundamental misunderstanding of lockdowns continues.

Lockdowns are there so we aren’t leaving people to die after a car accident, or because they need heart surgery, or because your kid falls off their bike.

We only have so many ICU beds, and spaces in morgues. That’s without the crisis in medical staff.

I would have hoped the SMH would know this, at least, which begs the question – why is this article here?

About Berejiklian’s direct link to Right Wing Think Tank/Lobbyist: The Committee for Sydney

-Wow, you don’t have to be a clairvoyant to see the spin on display here. The LNP want to let the outbreak rip, and they want to open the international border. They want to blame other states and premiers.

-How silly of him to name the media’s rights as privileges.

-This guy cracks me up: journalists find it “hard … to check their privileges,” when they ask the NSW premier hard questions, and he urges the state to open up faster.  Of course, he has no expertise in epidemiology. Maximum privilege. Pot, kettle, black.

-Says it all that this guy, an ex journalist, is promoted to head of strategy and then CEO of a think tank with huge budget and powers. That’s NSW all over.

Can someone please tell me when and why the Committee for Sydney went from being an independent panel that advised government on matters of urban design and planning to being a taxpayer-funded right wing think tank stacked with partners of LNP politicians, cronies and ex-LNP government staffers? Taxpayers shouldn’t be funding biased lobbyists.

-How depressing that mistrust between the government and the public service is considered acceptable. It is reinforced by the implicit criticism by saying that it is only the politicians who are focussing on the ‘right things’.  The public service provides advice; it is the political class that makes the decisions. They are the ones that must be held to account.

-As Bill Bowtell writes in his little tome, ‘Unmasked: the Politics of Pandemics’, pandemics are actually medical crises requiring co-ordinated community action … and then politicians get involved with their agendas muddying the waters. This is what delays, amplifies and extends lockdown; and stops necessary quarantine facilities being built.

-“…Veiszadeh thinks the government just needs to trust the public…” Okay, that idea looks great on paper, but the issue is that it only takes one infected person who decides to game the system, one self-centred ‘freedom’ march, and any progress is totally and utterly undone.

-I totally agree that response-wise it’s all been a day late and a dollar short.
And the LNP… stuck in last year’s thinking… who’d a ever thunk that, eh?

Veiszadeh thinks the Government should just trust the public. That is not a bad approach in normal times, but Delta has shown that the public needs to be explicitly directed, until we get some control back. The risk otherwise , is an overwhelmed hospital system.

-In short, person with enough similar ideologies to the Premier to be in a senior government position, from a right wing think tank wants to open up the State.

Knock me over with a feather.

-Veiszadeh is clearly an ‘open up without thinking of the consequences’ advocate. How can anyone say Gladys just follows NSW Health advice?

If she had she would have locked down earlier and harder, and we may not be at over 1000 cases a day with very little hope of a reduction on the horizon. *

Further, all Veiszadeh seems to focus on is giving ‘freedoms,’ and suggesting retail, gyms and hospitality open without any precautions to guard against super spreading.

-His comments reflect a media advisor with very little if any public policy knowledge. It is politics that has driven Gladys’ response to Delta, and look what a disaster that approach has led to with hospitals in emergency mode and ambulances at a crisis point too.

-Vieszadeh seems to only focus on businesses opening up, it won’t work with cases as high, with vaccination rates not high enough, and no restrictions.

-Frankly how can you have a schools plan that you may not be able to implement due to a high case number, and that you may end up sending teenage kids back to school without vaccination, and little ones with definitely no vaccination.

-I am a parent too and I feel angry and concerned. Online school has been safe and effective.

* I really think the mental health issue and kids is being used by the open-up quickly lobby to push opening up. No real analysis of mental health and kids has been done. Anecdotally most kids I know are very happy.

-I think Veiszadeh has just put things out in this article to give Gladys an opportunity to latch onto them,
and kick some more own goals.

-* I suggest the SMH focus on opinion pieces and input from people like Katherine Bennett, Brendan Crabb, Mary-Louise McClaws, Raina Macintyre and others like them who have a deep knowledge of epidemiology, virology, public health and public policy responses needed to manage a serious virus strain like Delta. We can have a much more informed and useful discussion.*

-The perennial problem where the politicians want to politic for their own advantage but are confronted with a public service that wants to give frank and fearless advice.

-This is one reason why the LNP is reluctant to release any discussion papers – much harder to blame the PS if the voters know the facts.

-“Committee for Sydney, a think tank focused on” … business!

Doherty modelling is very clear. At 70% we can still expect to spend 20% of our time in lockdowns.

Very interesting article in The Lancet, a peer-reviewed journal from the UK.
doi.org/f89p

Comparison of 37 wealthy nations, 5 of which went for effectively an elimination strategy. The elimination strategy wins on 3 measures:

1) fewer deaths (as you would expect);
2) stronger economies; and
3) more personal freedoms – yes, *more* personal freedoms, because restrictions don’t drag on and on and on

Oh, another right wing think tank!

-These “think tanks” are half the problem. It’s just another name for a group of lobbyists.

As far as bureaucracy goes, it barely exists these days. Everything is expensively outsourced to others with vested interests make the decisions. *

The whole system is broken.

-Just the ‘old money’ before people business mantra. When enough people are vaccinated we can come out of lockdown. Whose fault is it that so few are vaccinated? Look no further than the PM. Stop blaming the public.

-Look at the directors and chairman of the think tank he works for.  PwC, the operators of Sydney metro and a NSW government official and other business interests. Of course he would promote their ideas!

-The Committee for Sydney is a right wing, big business backed, political lobby group. Take everything it publishes through the lens of their self-interest, pushing wealth over health.  Happy for others to suffer the”reality” of opening up, safely ensconsed in their mansions .

-“We are funded by a group of Sydney’s leading corporations, government departments and cultural institutions.” This includes the NSW state government and many publicly funded institutions along with corporate members whose interests they represent from Airbnb to Woolworths. https://sydney.org.au/membership/current-members/

NOTE AMONG THE MEMBERS – DEVELOPERS

Aqualand

Brookfield Australia

Charter Hall

DEXUS Property Group

John Holland Group (Chinese state-owned)

Landcom

Lendlease Development

Mirvac

PAYCE Consolidated

Stockland

Urbis

-Everyone is free to have their own opinion on what matters most during this terrible time, I believe death and illness should be avoided at all costs, but I can’t ring the Premier to try and influence her actions.

Think tank is a polite way of saying lobbyists.

Ehssan is a direct link to the Premier.

Check out who is on the board of the Committee for Sydney.

Gladys’ and Morrison’s decisions are being driven by the coming elections.
Imagine if they only wanted to get the country and people back to whatever normal might be, rather than checking every idea against its effect on a future vote. No hovering, no flip flopping, no Labor versus Liberal ideas, no blame games.

Just the best ideas and policies being utilised.

-Yes let’s open with no kiddies vaccinated, not all NIDS and aged care workers vaccinated, few indigenous communities protected, a disproportionate number of lower income and migrants not vaccinated … it will be all fun and games in the name of freedom.

Not freedom but it is transparently in the self-interest of corporate profits and politics.

About the readiness of Our Health System in dealing with Covid-19 and the Delta variant

-Interesting to contrast this bloke’s attitude with observations of senior ICU nurse Michelle Rosentreter (https://www.smh.com.au/national/nsw/nothing-in-our-studies-ever-prepared-us-for-this-a-nurse-on-sydney-s-frontline-tells-it-like-it-is-20210827-p58mha.html).

-Readiness of Australia’s health system?

Exhibit A: https://www.smh.com.au/national/nsw/nothing-in-our-studies-ever-prepared-us-for-this-a-nurse-on-sydney-s-frontline-tells-it-like-it-is-20210827-p58mha.html

Exhibit B: https://www.thesaturdaypaper.com.au/news/politics/2021/08/28/exclusive-states-unable-staff-ventilator-capacity/163007280012361#mtr

-I expect Gladys to have more strategists, marketers, psychologists and such on staff than there would be doctors in regional hospitals. Maybe someone could look into that!?

READ From former Berejiklian Strategist:  Ehssan Veiszadeh 

https://www.smh.com.au/national/nsw/insider-to-influencer-berejiklian-s-former-strategist-lifts-lid-on-nsw-government-20210824-p58lj8.html#comments

Where we should be Directing our COVID Rage!

‘Speaking of politics, thank god we have politicians at whom to direct our rage.

It helps that they deserve it.’

major Scummo government failure in vaccine procurement and rollout

We should call for an inquiry, a Royal Commission into this failure!

SAINT GLADYS shamelessly said she had given POLICE more powers than they asked for!

Then HILLSONG Police Commissioner told his officers they won’t be held accountable for wrongly issuing COVID-related FINES!

Community Policing has been put aside for high-level enforcement … the jackboot!

WE are no longer ‘a weird mob’ but some among us are a very nasty and weird mob …

READ MORE!

‘At least we can direct our COVID rage at politicians: god knows, they deserve it’

THE LIST of Mirages, Rorts, Grant Rorting, Land Deals, Pork Barrelling and Scandals

THE LIST … of ‘financial mirages, sports rorts, car park rorts, grants rorts, land deal scandals and pork barrelling bushfire recovery funds … all part and parcel of the current Federal political landscape’

ADD to the Mix the Scandals of NSW:

$40Bn rail corporation described as a RORT by former NSW Auditor-General Tony Harris

-the workers’ compensation scheme ICARE; Dominic Perrottet will continue to be dogged by the scheme; that failed to serve injured workers

-a land deal near Parramatta under an ICAC investigation

-Gladys Berejiklian in the ICAC witness box due to her former lover Daryl Maguire

shredding of documents relating to Berejiklian’s approval of grants from the Stronger Communities Fund

-NSW INC planned to borrow more than $10Bn to inject into its NSW Generations (Debt Retirement) Fund to play the financial markets

-the creation of a $40Bn rail entity in 2015 to hide the costs of the NSW rail system by shoving assets into a shell company; to dupe the public the budget was better than it was

-in 2018 NSW Treasury was able to use TAHE to mask the government slipping into a deficit

.when the accounting rules changed the government was under pressure to turn TAHE into a legit independent commercial entity through hiring PwC to achieve that

.the government was considering commercialising the entire public transport and road networks

.the government, it appears, were willing to breach procurement rules or hire consultants without going to tender; paid $big bucks to do this

.KPMG prepared separate reports for Treasury and for Transport of NSW

.TAHE created a deep rift between Treasury Secretary Mike Pratt and then head of Transport, Rodd Staples about safety issues yet Staples was sacked without cause

‘With a parliamentary inquiry in the wings and shadow Treasurer Daniel Mookhey on top of his brief, as well as the Auditor General scoping a performance audit into TAHE, it is only a matter of time before the truth dribbles out.’

READ MORE!

Federally and in NSW, political naked bodies are piling up

Construction Boom: Costs of House and Land Packages Blown Out!

‘The time it takes to build a house is blowing out due to the country’s ongoing construction boom, with reports some builders are increasing the build price to avoid making a loss, and devastated home owners walking away from contracts altogether.’

AS economists predicted the ‘Home Builder Grant’ and first-home buyer grants would push up prices like those dating back to the Howard years …

SO all along were these Scomo Government grants all about creating a building boom, and not about helping aspiring home builders?

ADD to the mix Covid …

-and supply shortages

-increased material costs; longer build times

-land registration pushing out to 6 – 18 months

READ MORE!

‘Time and cost of building a house blows out due to construction boom’