COMMENT: ok....so wealthy Chinese industrialists and property tycoons are buying residential houses as investments. Well thats ok....everyone has a right to make a return by way of rent...The only problem is that many properties are NOT rented out and the Chinese purely rely on CAPITAL GAIN for their return. Their way of thinking is an Asian phenomenon(Indonesians, Thais think the same). ......only problem is, theyre taking supply OUT of the market and initiating an ARTIFICIAL property bubble sending housing prices to where they REALLY become unaffordable (if thats possible).......so why do our governments turn a blind eye.....well, the rich Asians spend over $13 billion a year on educating their kids in Oz......its a trade off, one in which the Aussie homeowner/renter is a BIG FAT LOSER......thats also the major reason why the low-middle class struggle......HOUSING is way TOO expensive in Oz.
Posted on: Thu, 31 Oct 2013 11:21:41 +0000
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