Just a question and please excuse my ignorance on this matter. How in the blazes can the Australian Govt and which every party that be in power sell the Australian people's water, land, and whatever else over to foreign ownership at the expense of the Australian people who put them into Govt? Surely, there has to referendums whereby the people of Australia can vote on these major Govt decisions which are having devastating and disastrous results on our nation's future.
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Are you foreign owned Monts?
Why do you ask Adam?
Why do you ask Monts?
What are you talking about
Adam wants to know if I'm foreign owned, Brett! That's what he's talking about.
He’s bored and needing attention
Fears one million Aussie homes could soon be owned by foreign buyers
FEBRUARY 16, 2019 2:50PM
From political power to business to the education, food and property sectors, Communist China is increasing its power and influence in our country.
Alexis Careynews.com.au
Australia is selling off natural resources, farmland and property to China at a “crazy” rate — putting us at risk of becoming the “24th province” of the East Asian behemoth.
That’s according to real estate expert Doug Driscoll, who warned of the urgent need to start a national conversation about foreign ownership of residential property in particular.
While interest from overseas buyers has decreased in recent years, the Starr Partners chief executive said our overall rate of foreign ownership was still alarmingly high.
And he said a report released last month by Chinese international property portal Juwai.com showed there was now an “insatiable appetite” for Australian property among Chinese buyers, with our softening housing market boosting interest.
In 2017, ANZ found foreign buyers owned up to 400,000 Australian homes. Today, Mr Driscoll estimated that figure would be “close to 500,000”.
ANZ also estimated foreign investors bought between 30,000 and 50,000 new dwellings in 2015-16.
At that rate, Mr Driscoll said it “won’t be too long” before a million homes were in foreign hands, with buyers from China and India the most common demographic.
“It doesn’t take a rocket scientist to wonder what impact that could have on our economy,” he said.
“We’re only a population of 25 million with 10 million dwellings, and if we’re not careful we could be overrun quite easily.”
This is 1 example of what I'm talking about
I'm betting the 400,000 Australian property owners who sold their homes to Chinese interests are very happy with their outcome.
In the end, no one truly owns their property, it is freehold, basically a glorified lease, it is still part of the Crown.
Yep. The Australian government still decides what can and can't be done on privately owned land. Our laws still apply and if we decide the real estate can't be used to benefit foreign governments we'll put a stop to it pretty quickly. If we didn't care about the market crashing (like during war time) we could make it no longer whorthwhile for foreign owners to hold Australian real estate. They could be convinced to sell pretty quickly, although this wouldn't bode well for the housing market in general.
You sure about that Brett?
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