Standen Estate Agents sales executive Emma Vadas specialises in Sydney CBD high-end dwellings — a portion of the market frequented by Chinese buyers.
She said buyers from the world’s second largest economy have been a “heavy driver of price growth” in Australia and have been an active participant throughout her 17-year career.Auctioneers were forced to operate online during the coronavirus lockdown.
Between 2015-2016, Chinese investment in Australian agriculture, resources and real estate totalled $47 billion and fell sharply to $15 billion in 2018-2019. "If you've got swathes of overseas buyers buying Australian property, I think it's tantamount to selling off the family silver,” Mr Driscoll said.
No more Chinese buyers! Lets sell to Yanks ,Japs! No, Indians! If we can make property 80% off,should we go back to 1990s? I mean GDP. Thus we can buy a 100grand house ,work for 500 bucks a week ! Happy!
They should not be allowed to buy here. Period.
VoteSustainable Our Govmnt can prevent this...other Govmnts already have ... it's a Treason really they allow this madness
You should have to be a resident to own residential property. Simple as that. It shouldn’t be about saying no to China but yes to other foreign ownership, it’s all as bad as each other.
It’s a little late, a fair portion of Australia is already Chinese owned
Everybody bemoans the rise of Chinas influence, corporate theft and land acquisition but turn to water when the bully stomps their foot🤔
Money make people greedy ScottMorrisonMP . Start supporting the hard working Aussie fams not the tax man. auspol
They already have so this is not news. Stopping them in the future should be the aim for our future generations of kids.
Tax them big time and give the revenue earned to the farmers
joshfrydenberg The Chinese buyers purchase property to meet a criteria of a Business Visa, giving them Australian Citizenship 2 yrs after the purchase. I worked in immigration, I know it for a fact. Time to address the Business Visas & to regulate the property industry auspol
“The fact they are coming to the market is a healthy sign” For who? The greedy real estate agents or the wealthy Seriously I’d rather see a crash and reset of the market so that housing can become affordable to ordinary Australians. Buying shelter shouldn’t be burden!!
Too late?
That's the only way the population can move corrupt money out of the country. Then when enough people have the voting rights they'll swing their votes. Look to small countries in SEAsia for the shifting influence as a lesson.
This is why they released this virus! They have already brought out a lot of other nations why are you even entertaining letting them do this to Australia? You hand out citizenship in cornflakes packs and sell our nation to internationals going agains every true Australian Wishes
1. The people who make policy on this own multiple properties in major centres, they don’t care. 2. Govt’s use it to push young people into the regions, yet they don’t provide infrastructure in the regions. They are creating a domestic refugee policy.
Australia should be off limits to all Chinese buyers until their CCP government plays ball. Ban all Chinese purchasers from the market immediately!
The same happened in Canada: Learn from History 🤔
How can they impact, they own whatever, to leave their Pacific BOLT hole they purchased for security and investment they need to find a BUYER so in the same situation as other sellers. They have to buy units so that will slow, plus building them. Property builders will adapt.
Just stop foreniours buying Australia
How else will developers sell their defect ridden dog boxes?
The Chinese are not 'investors', they are BUYING Australia piece by piece, 99 year leases of our ports, that's a doozy. And as they do this they will treat us with contempt, as fools, our government needs to wake up to this fact. Will they ? I doubt it, they have no foresight.
What's this 'will' bullshit About a decade to late to this discussion. Only difference - that countries government allowed a virus to spread decimating economies that now make it cheaper & easier to buy. If there's tarrifs on Barley - put a 100% tarrif on a non-resident owner 👍
Didn't NZ ban foreign home ownership?
Developers will be frothing
Always makes me laugh how nobody blames the sellers
Herr Hitler and the Nazis saw Russia as Lebensraum for the Germans. The Chinese see Australia as their Lebensraum.
Forget the obsolete $100 Billion submarine program - China is invading Australia one house and one business at a time.
Not surprising that this is manna to the ignorant racists
Damn thought we will get a chance this year to buy our first home.
Don’t want to buy out beef don’t buy our property
Foreign investment in residential property, negative gearing and capital tax concessions needs to end. Time to stop this greed driven gravy train.
Foreign buyers have to apply to buy land in Australia since the end of March.... Do peoples IQ drop from reading this kind of rubbish news.
Only Chinese citizens can buy property in China only Australian citizen should be able to buy property in Australia .
China has shown their true colors by banning certain trade with Australia, we should reply by making it that if your not an Australian citizen you cannot by land in Australia. They’ve been killing the housing market for years and no government has tried to stop it.
China is the enemy of the world,simple
Ban them from buying
They've already spoilt it
It’s already stuffed
Simple. When China bans our products, we ban their ownership of Australian real estate, properties and Stocks.
It’s the only path left for the government to prop up the housing market. As if the housing market ballon pops it will be disastrous for smf and the investors. It’s a ticking time bomb that must be averted.
But if they stopped imports from Aus why are they buying properties?
Only Australian citizens should be permitted to buy houses, as in China.
Here we go again. Except this time APRA and the Banking Commission have only served to dry up local lending. Foreign money is not hobbled in the same way. Great thinking guys.
What’s going on over at Murdoch media? Need foreign investors unless it’s from China? 🤷♂️ racist whistle blowing possibly
They shouldn’t be allowed to buy Australian property and pushing up prices edging citizens of this country out of the market. And don’t let them buy our property as a way to fast track their citizenship. Aussies can’t compete with the cash they have!
Fears to lose the chance in competition while foreign capital coming, Fears to weak the economic while them leaves. Either the experts are joke or we are.
Send them to manus island
Selling up property to China is hastening our extinction. Spot the aussie will be like looking for a 4 leaf clover in years to come.
Lock then out of buying unless they are Australian citizens. Secondly Australia needs to stop recognizing duel citizenship. Even China doesn't recognize.
Wait this again? It’s 2012 without a pandemic.
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Australian financial market is 'fragile but functional'Today the National Cabinet was briefed by Dr Kennedy, the head of Treasury, Dr Lowe, the head of the Reserve Bank, and Wayne Byres, the head of APRA. More virus visuals plz ch9, ch10 are doing a much better job of terrifying our children.
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