Just a cheapie at $712k. His 150th property in the suburb of Doncaster east alone. Who knows what he owns in other suburbs. Scary...
April 15 (Bloomberg) -- Chinese investment in Australian farms increased 10-fold in the past six months, real estate agents said, as Australia relaxed rules governing residential property purchasing and buyers see opportunities in agriculture.
Yes you know why those Chinese said it was cheap, cause land is scarce back home, people live in apartments.
Our equivalent two bedroom units here would be considered standard living for them and would probably cost 700+ to them. So when them come here and see 700k for a house bargain big time. If we wanted a house in China or HK in a good location try 10 million Aussie and that like luxury free standing 3 bedroom townhouse, for that money you can buy in Mosman 5 bedroom spectacular view etc.
This also goes for luxury car, why do you see overseas students drive BMW and daddy buy them a Merc once they get there license. Sure this cars are like 80k here in Aust back home eg. Singapore 200k equivalent, Wow bargain again.
Or if you go Bali and or Thailand and decided to buy a holiday house there e.g 100k compared to 320k here wouldn't you say that's a bargain as well if your in another country? And snapping up all there properly cause its cheap to retire on or create a mini resort business.
Don't foreigners in Bali/Indonesia have to have a contract with an Indonesian National as a nameholder (title holder) when purchasing property, or can you purchase in your own name or via another structure?
So many Chinese (and other Asian nationalities) must be laughing at the poor silly aussies who are flogging their country to the highest bidder. Lord help us in the future.
Heard the same commentary in the 1980's when the Japanese were apparently buying all of Queensland (Gold Coast), the world was coming to an end and we would become a colony of the land of the rising sun.