Saw this article this morning:
http://m.news.domain.com.au/domain/...ls-for-965000-at-auction-20150523-gh7lv9.html
Whilst I have to play devils advocate and not assume to know all the facts, the article mentions that the winning bidder was a Chinese man in China via a buyer's agent on the ground at the auction.
Unless he has Australian citizenship isn't this an illegal sale?? It is clearly not a brand new dwelling, but (very!) Established stock. I find it unlikely that he does have citizenship. If he did, wouldn't he actually want to be here for the $1million auction himself?
Keen to understand what procedures are put in place in buyers agent scenarios like this one to validate authenticity of citizenship status for these kinds of purchasers.
Like I said, I don't have all the facts and am very much speculating - I know that - but I just find it unlikely he is a local citizen and curious to know what checks are being done, if any. If he isn't a citizen, is the only way he can possibly buy this one, illegal? I.e. buying in some relative or friends name who does carry local citizenship.
http://m.news.domain.com.au/domain/...ls-for-965000-at-auction-20150523-gh7lv9.html
Whilst I have to play devils advocate and not assume to know all the facts, the article mentions that the winning bidder was a Chinese man in China via a buyer's agent on the ground at the auction.
Unless he has Australian citizenship isn't this an illegal sale?? It is clearly not a brand new dwelling, but (very!) Established stock. I find it unlikely that he does have citizenship. If he did, wouldn't he actually want to be here for the $1million auction himself?
Keen to understand what procedures are put in place in buyers agent scenarios like this one to validate authenticity of citizenship status for these kinds of purchasers.
Like I said, I don't have all the facts and am very much speculating - I know that - but I just find it unlikely he is a local citizen and curious to know what checks are being done, if any. If he isn't a citizen, is the only way he can possibly buy this one, illegal? I.e. buying in some relative or friends name who does carry local citizenship.