Chinese money drives up house prices
 

Probably explains why house prices in Sydney and Melbourne keep skyrocketing, good news if you own bad news if you want to buy

http://www.smh.com.au/national/chine...0402-rjyf.html

Re: Chinese money drives up house prices
 

Blimey, mohogony, not like you to post something with vaguely racial undertones, now is it?

Re: Chinese money drives up house prices
 

The P/C brigade out again. So we are not allowed to mention why housing prices in Sydney and Melbounre are going up becasue its racist to do so.

Re: Chinese money drives up house prices
 

How the hell , in a population of 22M, which has had on record a horrendous housing shortage for decades suddenly have house price inflation because of a few chinese people with money. What a load of tripe.

The very fact that this country has such a huge rental market, and taxation policies to support that, should be enough for the average dolt to realise there is a shortage of stock. A shortage recognised at government level as such a problem that they put taxation policies in place to alleviate it to encourage private sector wealth to increase the housing stock.

Sounds like more poorly researched tripe, typical aussie media. Here's a tip - read the Guardian, Telegraph and Times websites before flipping over to news.com.au for a bit of light entertainment.

Re: Chinese money drives up house prices
 

what he said:)

Re: Chinese money drives up house prices
 

The Australian media has historically always like Asians. Gives them a racial stereotype to blame for every ill in Australia, because they it means it wasn't the poor hardworking Aussie that caused it all.

I'd agree. But I wonder, do the Spanish say the same about the British perhaps ?

Re: Chinese money drives up house prices
 

Its not an ill if you own a house in one of the good suburbs of Sydney or Melbourne where the Chinese are buying up, its only an ill if your a buyer.
If it was'nt for China buying up our resources the OZ economy would be in recession like Europe and the USA, so l don't think Aussies are blaming Chinese for their ills.

Re: Chinese money drives up house prices
 

Nothing to do with racism - you have to be blind if you don't see the enormous increase in the Chinese population in Sydney, at least.

Re: Chinese money drives up house prices
 

"P/C"? Maybe. Observant enough to notice that you often post similarly provocative topics? Definitely. What was that recent one where somebody accused you of trolling? Something to do with "boat people", IIRC.

Re: Chinese money drives up house prices
 

Neither the Eurozone, the USA or the UK are in recession - can you please change the record?

Australia escaped recession at least in part via rampant government spending & handouts. You know, paying people to put in insulation then paying them to take it out again - that sort of thing.

Re: Chinese money drives up house prices
 

Yes l'm a racist troll becasue l didn't think OZ should just have an open border and let all the boat people in

Re: Chinese money drives up house prices
 

But you did say to let them in - as long as they agreed to grow & harvest your food and stay away from most other Australians. Wasn't that the plan?

Re: Chinese money drives up house prices
 

Much of Australian econmy has become a colony for China[and now it is moving to the housing market]much of this will be so-called 'hot' money fleeing a serious downturn in the chinese economy/financial system.Very controversial--I know;but think about it and inwardly digest the implications.

Re: Chinese money drives up house prices
 

Seems like Oz and the US are owned by the Chinese nowadays, isn't it? They are our new masters. The Chinese are buying up Oz's natural resources and property, they buy our debt.

Re: Chinese money drives up house prices
 

Yes l think China has now overtaken the Uk as the number one source of immigrants, Most Chinese, Indians and non English speaking migrants move to Sydney and Melbounre, while most migrants from English speaking countries like the UK, NZ and SA tend to move to Perth, Brisbane and Adelaide.