AGENT EXPLAINS HOW TO PROP UP THE PROPERTY BUBBLE 18 March 2014 Bryan Kavanagh 4 Comments At least the commenters at this URL make some sense!
4 thoughts on “AGENT EXPLAINS HOW TO PROP UP THE PROPERTY BUBBLE”
Thanks for the link Bryan. All this reminds me of the Japanese buying frenzy for Australian property in the mid 80’s, especially commercial and blue chip residential property. And we can’t forget all those golf courses the Japanese invested in from Cape Schank to Port Douglas.
And we know how that ended.
ps. Michael, you might be interested in this. http://www.macrobusiness.com.au/2014/03/how-foreign-purchasers-side-step-firb/
Largely cashed up, Michael. Rent-seekers are doing extremely well during the Chinese miracle–more billionaires than in the US now!–but they don’t trust their government that they’re going to keep it. Therefore, Europe, the US, Canada and Oz are seen to be good hideaways.
There’s one thing I’m desperate for an answer too. Are these so called ‘cashed up’ Chinese investors who are buying Aussie property using their own money or borrowed money.