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You do realise that the land remains in Australia, right?

If you looked into how business is done in China you will understand what I mean. Let's just say that going down the straight and narrow path will get you nowhere. Everyone who is wealthy, from the local Customs bureaucrat to the mayor of a major city is corrupt to the core. AUSTRAC has no...

But Singapore is full of commission flats. Surely the price rises you are talking about is only limited to the private housing?

I don't think the rich migrants are whinging about Australia, Marc.

The principle thing can only go so far. I am pretty sure that most of the cash that comes here from overseas like China etc is dirty money. No question about that. Do we therefore prohibit them using that to invest in this country, since we abhor corruption and money laundering? Shades of grey.

Not sure why you'd want to buy real estate in China or some other backward developing country? We are so lucky that the top 0.1% of people in China want to even consider putting their money here, in our businesses or real estate. The 'reciprocity' talked about is a furphy - most people here...

It's just simple jealousy. It's easy to blame asians because they look different. I do agree to a certain extent that it isn't exactly a level playing field (corrupt money vs legit tax-paid money) but that's the way the market works.

You do realise that a lot of the Chinese who are buying actually have Australian passports?