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Opinion: Chinese investors taking over Australian property market - fact, or fearmongering?

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Australian Broker | 11 Nov 2013, 06:00 AM Agree 0
SQM Research founder, Louis Christopher, says many Australians are fearful of a Chinese 'takeover' of the housing market - but are these fears based on fact or hearsay?
  • Country Broker | 11 Nov 2013, 10:31 AM Agree 0
    It would be very interesting to see how many Chinese nationals have been granted permission to buy a residential home in Australia in the last 12 months . then compare that to the residential sales in Australia. There is a lot of talk about the Chinese buying resi properties for their children to live in whilst they are at Secondary schools and university here. Seems to me if we benefit from that as a nation it should be welcomed.
  • Looking after home | 11 Nov 2013, 01:40 PM Agree 0
    Didn't we give foreigners a visa if they paid more than $5m for a property - several years ago we wanted to look at new apartments near the bridge in Sydney - felt very unwelcome by the Chinese sales people compared to the Chinese buyers- the Chinese used to run laundries and cafes and integrated to some extent - until recent years they mostly stayed at home to bear the authoritarian regime so don't talk about the contribution they have made - those coming now with big bank accounts are not here to be part of the community - it is a safe bolt hole if need - they here to take not to give back or to buy assets here they can export out. $5m plus sales of the best properties in our major cities makes it look like real estate is rising here - their own citizens cannot buy land or homes
  • Lyn from Sydney | 14 Nov 2013, 03:02 PM Agree 0
    It's not about the Chinese, it's about all foreign investment in residential property. Unless they can prove they are going to live in it (or their children), no one should be able to buy into residential property. It is not only getting outrageously expensive for anyone living here to buy their own home, but the cost of rental accommodation is also inching out or reach for the average wage earner. The Foreign Investment Review Board MUST be transparent. Guesses, second hand information and gossip is far too dangerous.
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