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  1. coastymike

    Is anyone worried by the dropping lending rates?

    Common sense prevails http://www.dailytelegraph.com.au/property/curbs-on-foreign-owners-new-rules-on-home-buys/story-e6frezt0-1225857633800
  2. coastymike

    Is anyone worried by the dropping lending rates?

    TopCropper The same thing is happening in Singleton. Leaving big ugly holes in the ground that were once used for farming and leaving the residents with asthma, emphysema and cancers. What a great country.
  3. coastymike

    Is anyone worried by the dropping lending rates?

    Tony The biggest change however was allowing temporary residents to purchase second hand properties. This meant a student studying in Australia could purchase a property with funds provided by the parents. A lot of Singaporeans are using this loophole to purchase second hand property here in...
  4. coastymike

    Is anyone worried by the dropping lending rates?

    Spiderman I agree we have gone down a path which will now be almost impossible to turn back from. Most people do not want to see reductions in the value of their properties so any change to a policy which could result in this would lead to backlash at the polls. My concern is that we are...
  5. coastymike

    Is anyone worried by the dropping lending rates?

    Yes I think it is concerning. It means we are selling ourselves out to foreign investors. We fought wars for freedom and unfortunately we now have such lax rules that anyone with a bit of cash can come and purchase some Australian soil. What was the point in millions dying at war if we just...
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