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The FIRB process is a joke. If they really want to deter people from breaking rules, why not enact a rule that says any person guilty of an office will go to jail, and any selling agent or seller or lawyer acting on behalf of the seller who cannot verify that FIRB approval has been granted where...

The education market and immigration policies are already in favour of foreign investors, compared to most other English-speaking countries. A fall of the AUD to 80c will see tremendous interest from very rich Chinese people - and that's what all my very rich Chinese friends tell me.

Yep, I suggest staying away from the market.