http://www.theage.com.au/business/p...s-of-greater-urban-sprawl-20110206-1aihd.html
hmmmm - a new world out there.
hmmmm - a new world out there.
Age Article of overseas buyers buying land.
- Thread starter Melbournian
- Start date
even NZ seems to be on the chinese's targets
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10702056
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10702056
We Aussies freely invest in the UK, the USA, Canada, Japan and much of Europe without impediment. No harm is allowing foreigners to do the same here (and taxing their CG when they decide to sell).
That said, its increasingly hard for foreigners to invest in China, there's so much red tape involved. It's hardly fair that they get to park their money in property here when we cannot do so in their country.
That said, its increasingly hard for foreigners to invest in China, there's so much red tape involved. It's hardly fair that they get to park their money in property here when we cannot do so in their country.
Yeah if you're a seller - that's a very good incentive.
Got a family friend who had the land (2 hectares) with 300 sqm house in narre warren and sold it for 2.2 million just recently.
My agent - called me in the weekend - asking if they knew any good large penthouses in the city. The chinese family already bought a mansion for 6 million in brighton but were kind of bored. and decided they want a place in the city.
Got a family friend who had the land (2 hectares) with 300 sqm house in narre warren and sold it for 2.2 million just recently.
My agent - called me in the weekend - asking if they knew any good large penthouses in the city. The chinese family already bought a mansion for 6 million in brighton but were kind of bored. and decided they want a place in the city.
