Property UpdateChinese Property Investor Boom in Australia

14 comments

John 2023-09-30 12:10:08

Great news for investors and home owners - terrible for our future generations of Australians who will inevitably be renting for their entire life and living off a pension in retirement.

1 reply

Tom 2023-08-07 07:59:56

Hello Michael, "Foreign buyers can only buy new or off-the-plan residential properties." IMHO this statement misses the point completely. I believe what happens is a Chinese student (or other country) studies at an Australian University (full fe ...Read full version

1 reply

Paul 2023-08-04 21:37:46

Allowing Australians generally do not like high-rise apartments, having more built, irrespective of the buyers or target audience, is most likely not in the long term best interests of Australians. Why Australia allows dual citizenship (you're eit ...Read full version

1 reply

Would you like to share your thoughts?

John September 30, 2023

Great news for investors and home owners – terrible for our future generations of Australians who will inevitably be renting for their entire life and living off a pension in retirement.

1 reply Reply

Michael Yardney September 30, 2023

The latest stats show even more foreign interest John

0 replies Reply

Tom August 7, 2023

Hello Michael,

“Foreign buyers can only buy new or off-the-plan residential properties.”
IMHO this statement misses the point completely.
I believe what happens is a Chinese student (or other country) studies at an Australian University (full fee).
Chinese student then gets Permanent Resident Visa and 2 years after that Australian Citizenship.
Then the Chinese student suddenly buys $5million worth of real estate at the age of 25 years old.
Supposedly this is not a “foreign buyer” buying up Australia’s real estate.
We all know the money is Chinese money from the student’s family.
I would like to know how many Australian “citizens” who acquired their citizenship after turning 18, are buying real estate.
If you could somehow get that information I think you would make national headlines in all the newspapers.

1 reply Reply

Michael Yardney August 7, 2023

Tom – I agree that would be really interesting

0 replies Reply

Paul August 4, 2023

Allowing Australians generally do not like high-rise apartments, having more built, irrespective of the buyers or target audience, is most likely not in the long term best interests of Australians.

Why Australia allows dual citizenship (you’re either Australian, or you aren’t) and things like foreign property ownership (many Asian countries do not allow more than 49% foreign ownership of property) seem to suggest lots of vested interests as opposed to doing what is best for Australia.

The planet is only so big – even at “only 3%” inflation, eventually there isn’t going to be enough resources to go around, but our politicians seem to feel the need to bring in more people as opposed to fixing what is here already.

1 reply Reply