CAAN: Photo: Chinese owned Greenland at Lachlan’s Line; the North Ryde Station Precinct underway; now bearing a remarkable resemblance to High-rise Estates across China; bordered by motorways; a mere remnant of the forest remains. In the background of the photo China’s Country Garden “Ryde Garden” … an oxymoron. This originally was public land, both North Ryde and Macquarie Park being a Business and Information Technology Park now swallowed up by high density living. Where will the jobs be?
CAAN: Photo … one can readily see the similarity … with a strong foreign influence on developers … this is the “Australian Dream” being peddled akin to a World without space, and unworthy of living.
THE self-serving mob with their insatiable appetite whet for even more … circulate this article riddled with spin (b.s.) …
AUSTRALIA would be close to entering its second decade of exporting our Title Deeds to the subcontinent and to China.
What appears here to be a reluctance to tell the truth “these surveys are significant” – is this deliberate to hide what really is happening?
Obviously the developer lobby have written Government policy through Visa manipulation to buy property, with Australian agents across Asia and no legislation to prevent money laundering and Proxy Agents buying our residential property … read more for what is in store for overseas property buyers …
This article lacks credibility, and it ignores the reality of the Australian landscape!
AUSTRALIA the driest continent on Earth with very few rivers crossing it is rapidly losing its “liveability” to overdevelopment, and as many migrants here in Sydney comment “with high immigration and over-development it will become like where we left!”
AUSTRALIAN PROPERTY INDUSTRY TURNS TO INDIA TO SUPPLEMENT FALLING CHINESE INVESTMENT
AUG 17, 2018
The amount of Chinese cash which once poured into Australian property has about halved, leaving developers and agents scrambling to recapture the record volumes of investment.
A joint report by Investorist and the Domain Group showed that as industry interest in selling off-the-plan property to Chinese investors declined, it was increasing in the surrounding, growing economies.
While Investorist chief executive Jon Ellis said it was unlikely the recent explosion of foreign money flowing into the property industry’s coffers would ever be replicated, similar market conditions in other south-east Asian countries meant the area’s investment potential wasn’t yet tapped out. Melbourne was by far the most popular Australian city for overseas investment in off-the-plan construction, according to the report.
“We’d been getting a bit drunk off this flood of money coming from China,” he said. “Once the tap turns off people get a bit anxious and they say ‘where can we go next?’.”
One of biggest potential emerging markets is India. Of all the thriving economies of south-east Asia, India and China shared the most similarities. Because of this, more agencies and developers were setting up offices on the subcontinent in an effort to tap into a market that has so far been relatively uninvolved in Australian property.
“They’re thinking: ‘OK, this is new. There’s just as many people here as in China and there’s a lot of money getting around’,” Mr Ellis said. Sydney was next, followed by Brisbane.
Last year, just 6 per cent of Investorist clients were looking to sell in India. This financial year, it’s 21 per cent.
That was the biggest increase for all countries. In comparison, China went from 86 per cent to 60 per cent, a fall of 26 points.
The other rising stars within the industry were Vietnam and Indonesia, two of the region’s so-called “tiger cub economies”. The term relates to countries undergoing rapid economic growth and an increase of standard of living.
Domain Group economist Trent Wiltshire said as more people from these countries began to participate in Australia’s economy, their interest in buying Australian property could increase.
“Growing links to Australia through more international students arriving will increase and strengthen the links between countries like Vietnam, Thailand and India,” he said.
Mr Wiltshire said it was difficult to gauge how many wealthy investors would want to invest their capital in Australia, but Australian companies setting up to sell in these countries was a good sign.
CAAN: A photo of typical housing estates across Western Sydney and Melbourne enduring the “heat island effect” with black rooves, no trees, on tiny lots as little as 200M2; highly inflated land prices $550,00 plus … Such developments compounding water shortages in Australia.
CAAN: Photo “The Ponds” a Western Sydney suburb July 2018 … the reeds have withered. Row upon row of development on tiny lots. More sites under preparation …
DEVELOPERS PUSH FOR A 9.9 MILLION POPULATION FOR WESTERN SYDNEY 2036 … YUK!
SYDNEY is rapidly losing its peri urban farmlands (Sydney’s foodbowl) and Koala habitat, fauna and flora in Riverstone, Rouse Hill, Box Hill, Penrith, and in the Macarthur and Wollondilly with Mt Gilead, Menangle, and Wilton to developers.
“Although this is just survey evidence [but] due to the lack of data … the delayed nature and scant evidence, these surveys are important,” he said. “We really need better data on foreign investment in property and real estate to get a better understanding of what’s happening.”
Mr Ellis said increasing investment into Australia would be dependent on whether or not these companies could sell the Australian dream of property investment to Indians, Vietnamese and Indonesians.
CAAN: Examples of the “Australian Dream” that foreign buyers may invest in …
CAAN: Photo, a “proxy” dwelling. Caveat emptor!
CAAN: Photo: With the “high population growth” and housing supply that cannot meet the foreign demand “Australian Standards” and building regulations have been shelved in a basement … somewhere! In Lewisham, a Sydney suburb.
CAAN: Photo … between 2 tiny cottages (200M2 x 6M lots) despite extensive drought conditions across Sydney … the local “Ponds” had dried out, and withered … yet it would appear there is a “water issue” here warranting rectification … however with fast builds, cost cutting, profiteering … this is what home buyers may be signing up for!
CAAN: Photo illustrating how close the “new homes” are at the rear. This is at “The Ponds”. The Greenfields Housing Code introduced in 2018 allows for lots of 200M2 x 6M wide! There is no land for children to play; on the side of this lot a narrow awning and a clothes line! Nowhere for family BBQ’s.
With the increased competition for housing in Australia from overseas, housing prices skyrocketed locking our people out. Developers have robbed Australians of urban bushlands, Heritage homes for inferior development like this! SYDNEY and Melbourne have been Shanghai’d!
While some market fundamentals in these three nations were similar to China, they so far lacked a culture of investing into Australia, said Mr Ellis.
“Wealthy people in those countries are looking for lifestyle [and] asset protection,” he said. “We’re one of the only countries that withstood the GFC.
“We’ve still got relative political stability. We’re one the most livable countries in the world, we’ve got some of the best education in the world.”
Photo: Why “A Big Australia is not Viable = we don’t have the Water!”
DAILY we hear of the interests of the developer and migration lobbyists, and the suggestion that the growth ought be shared in the regions … to address the population growth in our major cities … cough … cough …