Hi there,
I've only just heard about the FIRB (Foreign Investment Review Board) rule changes for overseas investors in Australia...apparently they are quite dramatic!
Some people are saying that these changes will have a huge impact on Australian property prices, with many investors (in particular from our neighbouring Asian countries) entering our market to purchase new AND old residential property.
Any thoughts on this?
Here's the website link, I've only had a cursory look at it at present...(so don't ask me what the changes are!).
http://www.firb.gov.au/content/default.asp
I must admit, I have seen a lot of Asian buyers at inner city opens recently.
And Melbourne CBD is full of overseas students these days.
These overseas buyers could blow the local FHB's and investors out of the water!
Is Kennethkohsg around, I wonder what he thinks of this?
I've only just heard about the FIRB (Foreign Investment Review Board) rule changes for overseas investors in Australia...apparently they are quite dramatic!
Some people are saying that these changes will have a huge impact on Australian property prices, with many investors (in particular from our neighbouring Asian countries) entering our market to purchase new AND old residential property.
Any thoughts on this?
Here's the website link, I've only had a cursory look at it at present...(so don't ask me what the changes are!).
http://www.firb.gov.au/content/default.asp
I must admit, I have seen a lot of Asian buyers at inner city opens recently.
And Melbourne CBD is full of overseas students these days.
These overseas buyers could blow the local FHB's and investors out of the water!
Is Kennethkohsg around, I wonder what he thinks of this?
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