I know someone in Cairns and believe me prices are tumbling all over OZ
So big deal, if you do not sell, nothing has happened... Australian RE will come back, the location of the country and what is happening in Southeast Asia will fix any temporary set back... Australia, (just like Canada) are countries with immense natural resources, these countries will enjoy long term economic good times simply because China alone needs al these resources... Then as I already mentioned the influx of Asians into Australia is a given... just give it time.
I think its a good law. If only it would work properly that is. Foreigners shouldn't be allowed to eat up existing residential real estate. Where do you sugest that Australians should live, on the street?
LOL !!!
Are you OK? Australians will live in their homes and they have plenty of territory that I can hardly imagine they would be homeless as you are trying to imply...
What’s the matter with you ralph-e you really are starting to sound as if you are running out of meds....
Foreign demand for RE and influx of good $$ has NEVER been bad for a country... I mean... remember the Japanese buying all those trophy buildings? Everyone was complaining that the USA was up for sale and blah, blah, blah... what happened? The Americas got al the Japanese $$$, then when the real estate crashed, they bought back (some, not all) the same RE for cheap...?
Was America sold out? Of course not... they did good business and as far as I know, L.A. is still part of the US; mind you... they speak more Spanish these days -LOL!!
You suffer of paranoia... Let's see If I remember well... the law in Australia was about existing properties... in other words, non-Australians can only buy NEW homes, and land where to build them, but they cannot buy existing homes...
Now it is a stupid law, because they deprive the Australian owner, of a good profit since they limit the market... remember ralph-e....
A real estate transaction is like Tango... it takes TWO to make it work...
The Seller... (Australian) and then the Buyer (possibly foreign)... so how do you figure the Australians are going to be on the street with all that $$$$$ that they collected?
DUH ?
it is as dumb as the stories I hear in the small towns wailing that the 'new-comers' are buying everything in sight... well... my response is... because the LOCALS are SELLING it.... LOLOLOLOL...
I once told one of them redneck ignorant morons (who was complaining about the very same thing) that they were lucky enough the new-newcomers were friendly enough to fork over their money to the farmers and ranchers who were selling... I said to him....
Just imagine if these new-newcomers were to be hostiles and put you people in reservations and took your land, just like YOUR grand-daddy did to the then.... ahem... Locals...
After he choked, he is still looking for words to respond to me.... I know, I tricked him because I asked the question in front of a cop, (so he would not kill me) The damned cop still gave me a ticket for passing this moron (who was blocking me)... but that's another story...
-roflmao
Tell me ralph-e are you one of them red necks? |
