Recent content by TomW

You are not much of a capitalist if you think growth at the rate of inflation is a good return for holding property.

I don't see how people on the one hand can argue that sydney property has been a great investment, great growth etc. and on the other hand affordability is largely unchanged. It can't be both.

The number of people on this thread that think the housing market would just shrug off a recession is funny.

They've been a very soft touch so far.

It's not like you can decide to opt out of super no matter how you feel about it.

It's obviously an officially sanctioned leak. The reporter could make a lot of money out of it if he traded on it before the story went out.

Unless you get a lot more welfare from the Federal Government in the form of defence contracts etc. I'm not sure on what this future recovery is going to be based on?

No but it is illegal for foreigners to buy existing property in most circumstances.

Not sure what the statute of limitations is on breaking the laws relating to foreign ownership but one way to ensure these properties don't stay vacant is to force those who brought the properties in contravention of the law to sell them.

Well not quite the same. Even if FMG goes into administration Twiggy still has the dividends he's got out of it over the years (and any shares he sold when FMG was still riding high).

They were paying out large dividends in the good times and Twiggy is a big shareholder....

Good to see Hockey give him a good slap: Treasurer Joe Hockey announced the forced sale of the $39 million Point Piper mansion Villa del Mare, purchased by one of China's richest men in November, because it was sold in contravention to the existing foreign ownership laws. The extraordinary...

How is it a cash grab when it's going to enforcing the existing laws?

I think you meant to say the Chinese are a lot more corrupt than the Japanese.