What is China buying in Australia? | CNBC Explains
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- Опубликовано: 18 окт 2017
- China's massive investments in Australia are showing little signs of slowing down. CNBC's Uptin Saiidi explains why.
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What is China buying in Australia??
Australia.
Kangaroo meat and cammal burgers.
why China buy Australia?
because they don't rob
Milk powder
SuperGaming They buy Australian property because no-one wants the millions of empty apartments towers in China. They extend too high into brown smog for one, then they keep collapsing - either because they aren't structurally sound or because the soil is becoming air-borne around the country
Oz sheep
Lack of government control on foreign investors, that's what happens when a nations own politicians are sold out and highly corrupt.
Well, can’t fully blame the Chinese for this situation. Blame the folks that are selling all these property and land for the old mighty dollar.
How about auctions?
@manboobs if you hate us so much, then why are you selling goods to us??? Either tell your government stop selling the products to us OR stop complaining!!!
@manboobs At least china exports neither povertry nor war. We export cheap goods that someone's willing to buy. And we buy things at fair prices with our money. Better than other superpowers.
F.I.R.B.was supposed to prevent foreign buyers from buying second hand houses and driving up prices in established neighborhoods.
So True.
As an Australian I can honestly say the situation is much much worse! The middle class is the new poor. Your pay only gets your bill's and rent paid. You either have to be a millionaire to survive in Sydney, or be lucky enough to have a property owned outright that was handed down to you. Most people in there 30's in Sydney share a rental property with 3 or 4 people, the rest would still live with there parents because you can't survive from the cost of living. Melbourne is almost as bad. Our governments ruined this country for under the table deals and now we are picking up the pieces.
It's funny it takes American news networks to cover this story and not Australian networks...
That's exactly what I've been saying, WTF is going on?
Same goes for the USA some Australian news cover stuff ours won't touch
@@snafukilljoy204 Well I suppose the internet serves some purpose.
Cause the US loves propaganda
@@yousefizziddeann5789 China does not love propaganda.
Because they do not know anything else.
Not to mention there are 160000 Chinese students paying 4 to 5 times the tuition fee of a local students to study in Australian universities.
China is making Australia rich
Only a few. The Chinese are smarter, they work harder but they really don't integrate that well.
And these Chinese students are spying on them just like they’re doing in US.
Not to worry, China wont buy our barley or beef but,
still plenty of Australian ports, farms, water, housing & politicians for sale.
PMSL - you have no idea! Far from it actually.
China is making our universities rich, 'academics' even richer at a cost to national security and future enterprise.
A lot of people love saying America doesn't mind their business but nobody call out China's increasing influence.
*don't feel bad Australia. it's happening all over Canada & US too. house prices are skyrocketing and pushing even the middle class to move out - all because politicians are too greedy and turning a blind eye for money*
The only reason Australia on paper is performing well is because its being supported by chinese investment. The average Australian is suffering greatly due to this foreign investment. Cost of living sky high. The NSW government is only in a good financial state because almost every asset has been sold. Its like renting your house out just so you can boast about the income you make every week while having nowhere to live. It will all come crashing down eventually :(
I completely agree will you I mean I live with my girlfriend and we rent problem is we really want to buy a house but it’s impossible to buy a house in Sydney I need to leave Sydney into the country side to afford any house
daniel Park get a unit
Yeah I do live in a unit paying $450 a week
daniel Park 哦
i paid 350K for mine at auburn.
But the Chinese investment increase the revenue of Australian government, and thats the reason Australia can afford the high welfare spend and maintain a very high minimum salary (its double compare to USA). No many countries can afford Australian's welfare standard. Australian dont even need to pay money for seeing a GP. Greece, Brazil all collapse.
Absolutely everything mentioned in this video is also happening in New Zealand
Benji Frater then let the Maui have their land instead
@@jiusaner the who? Please don't tell me you meant 'Maori'
@@jiusaner New Zealand wasn't a violent takeover. The Māori largely killed each other off in tribal conflicts one settlers gave one tribe firearms and nails. The Māori are not a large enough population to manage the entire landscape of New Zealand nor are they able to maintain all of New Zealand's infrastructure and conservation programs which are largely funded, built and operated by British and European descended Kiwis. The Māori are not compareable to the Native Americans.
Wow. So sad🤣
LOL.. I thought it was only Australia.
The Chinese satellite state formerly known as Australia.
Chaina will be the superpower very soon
@@walalonisha5223 It won't be long...
@@walalonisha5223 they could always dump all the properties at once and crash the market i think that is the goal
Glory to the CCP
china did not do anything to aboriginal. we dont take the blame.
yeah, you basically make them assimilated into your population, killing native men so that Chinese men could breed with native women
Vinh Bảo you are just too low. wasting time talking to someone like you
you are too proud & stubborn to admit historical facts of your nation. China is always perfect in your eyes.
Vinh Bảo every one should have pride in their own country. I love Australia as well . But the rest of Aussie just can not accept China due to the fake news. How many Chinese do you actually know when you start trolling Chinese.
if you guys hate them so much, why are you selling your goods to them?? either dont sell your product or stop complaining
Problem is the fixed assets. When the Chinese buy lots of houses, they don't freaking live there!! Look at Canada. The inflation rate were so high
I am Australian and I’m fine with Chinese. In fact this video title is so misleading. They should have mentioned Chinese investors and not China as a country.
Insuspected Rulling
I don't know how you get to that conclusion. Actually fix assets are the best assets to sell. Its becomes capital injection to the country and no physical assets is leaving Australia. When Australia sell wool, iron ore and coal those resources really leave Australia. The houses Chinese buy never leave Australia. The Aussies can build many more houses with the money they got from Chinese buyers.
Who's complaining? They're our biggest export market and we have benefited greatly from Chinas rise. Nobody is complaining. As an Australian who just watched this video, it made me excited about our future, not worried.
BluesCreation09 Unlike China Australia is a free market... you know, NOT communist. It would be very hard to do.
lol wtf how can Australia be putting its infrastructure (electric grid???) for sale?
Eric Wei because we dont know how to manage. We are spoiled by foreign money and i am very concerned if one day it stops, what will happen to our country.
Eric Wei...
Its called Capitalism. Free trade and access to utilities is part of the bundle of an open economy.
@@doodyboy5079 Everything is up for sale with Capitalism, including the future prosperity of your own descendants, apparently.
because our country is run by selfish, money hungry morons!
Why is China buying Australia?
China: because we can!
Ryan Yan why do that sound sarcastic?
because most of china's people are money hungry and only look out for themselves and their own rich people. for get about the poor. and women. They want to buy up another country even have their language written everywhere in Australia almost and yet not one single English written sign in their country. they don't even allow other nations to buy up their land but will happily do so of others. again selfish.
Ryan Yan : well said 👍
I love that comment
Ryan Yan because successive Govts have allowed it. China is polluted and with a growing population they are looking to expand. Aust and NZ would be ideal. Ardern and Peters signed up to the belt and road....what next.
The same thing has been happening in Canada. When investors buy, the price of real estate goes up. The bottom line is what is the most important in this world. Money and greed.
Very amusing. But the truth is, Australia has all the rights to say no to Chinese investment, and government and business owners chose not to.
Can you do a video on Chinese investment in Africa
Michel Lubuya And maybe a video on white robbery in Africa at the same time?
Yes that would be brilliant
are you upset China is pouring billions into your country?
No mate, I'm just trying to learn more. FYI Africa is a continent not a country.
Hi,im chinese,I can provide you some information. At the national level, most of China's state-owned enterprises have branches in Africa, especially those involved in infrastructural projects. We provide loans, all the raw materials and workers are basically from China. The longest railroad in Africa is built by the Chinese Company. At the private enterprise part, businessmen and the rich in Fujian Province in China started to set foot in the African trade market several decades ago. some powerful cellphone manufacturers and TV manufacturers have business in africa. These companies only research and develop mobile phones that are sold in Africa, In the fast-growing smartphone market in Africa, leading companies are not Apple Inc. or Samsung Electronics, but the not-so-famous Chinese company SHENZHEN TRANSSION HOLDINGS LIMITED. The company has won the favor of consumers for cell phone features introduced in the local market.such as Africans who like louder music ，water and drop resistance.
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Wow that is awesome, please how can I reach him ?
Well from a Indigenous perspective I suppose at least China is buying Australia .
Not stealing Australia like the English did back in 1778.
At the end of the day the world is changing from a contemporary perspective .
Goods move , people move, and cultures wether we like it or not eventually change.
The world through globalisation is becoming smaller and smaller.
Xenophobia causes fear and fear leads to division.
What is the issue , as long as people respect each other , and the country they walk on.
It is amazing how people respond and forget the history of people movements.
The problem u will see soon a communist will never respect others, this is all backed by their gov slow injection of power on to Australia. Soon they will colonise Aussie
Same story in all (*currently*) white Commonwealth countries, Canada, Australia, New Zealand, you name it.
Tell your government to toughen up immigration rules and crack down on money laundering like the Nordic countries if you don't want this to continue.
Otherwise, you can't blame the Chinese for spending their money and paying taxes in your country.
Amy Wheelwright . white Commonwealth countries ! Are we talking about the lands stolen by the White through invasion, crime and diseases ?
Amy Wheelwright
Much better than the Muslims who wants to mosque and impose Sharia laws
Wilfred Tan Both are worst off anyways. Europe should be for Europeans and their colonies should remain majority European, they built that society, they should be able to determine its destiny.
I am totally fed up with our government that allows this to happen, they cannot tell the difference between investment and ownership and it's negative implications.
Our government needs to be held accountable for their treason to the people of Australia.
Seems to me Australia needs a real leader.
Same thing is happening in Canada!
Thuva Thurairajah And the Canadians earned a lot from this.
Yeap the gap between the rich and poor is even higher now. We should impose a quota limit for foreign property investment. Let our own people earn the freaking money!
Insuspected Rulling people who have ability buy the houses, those who arent able to buy a house wont buy even without competing with chinese
Elliot Sterling Absolutely. And those specific Chinese who bought all these are also the rich or political people instead of regular Chinese. Everywhere just the same.
Insuspected Rulling you ever heard of tax?
RIP Australia.
simonewkk Stolen land by British.
Vinod Renz Tibetans can't get what they want self-immolate riots hunger strikes they are so innocent huh? It was hell hole before China they were slaves.
@Wayne Haile, you sound stupid anthropologically!
wildhorse023 The Tibetans have been murdered and tortured by the Chinese since the 1940s. People have the right to do as they see fit in their own country
@@paulocunha3799 cala a boca baba ovo de chinês
When I was in Canada I used to live in an area where there were no less than 15 maternity hostels where you'd see pregnant Chinese women walking around. Apparently women travel from China to the west to have babies so they get the western passport and can use the social benefits of those countries. This a ticking time bomb and going to cause major population friction in the coming years.
this makes me depressed watching it
Can we get a video on what China owns in Pakistan??
Still waiting
They own everything in Pakistan 😀
Pakistani girls are married to Chinese which are later forced to do prostitution in China.
Pakistani girls are top list these days
There selling the land that isn't theirs
And we love doing it.
Timo Wayne though you don't care just remind you Europe or your native land full of Islamic refugees it is now going to be with Sharia every where turning to be land of Islamic Australia isn't yours
Kelvin nyenza o doyle rules
GMH2016 holden Poor white ex british convicts
Money Maker is that the best u got.. lol
The problem with unused asset is that it doesn't generate financial activity. People are not living there so it just sits there and contribute to the housing affordability crisis. Which mostly affects the locals living there since they don't make enough money to afford hosing in the city they live in.
China - no more good day mate, its “ni hao ma”
HAHAHAHAHAH BRO BEST COMMENT OF THE YEAR! AHAHAHAHAGAA
Ask Vancouver, Canada how that went...
Are there any more Canadians living in Whitehorse ?
Exactly....went to Stanley park in Vancouver....I felt like the minority....terrible..
Canada needs to expel China!!! Period!!! Bye Bye. This is our land!! Get out!!!
🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦
Here comes the key question: Is an Australian Chinese a Chinese or an Australian? If she or he is a Chinese not Australian, then what about an Australian European?
Another fact for your reference: UK used to own the whole city center of Shanghai.
We're not America. We don't use ethnic terms when referring to our citizens. We just call them Australian.
Sean CHOW These Chinese people have driven up the price of home prices by more than 250%. They must be allowed to buy only when they give 300% tax on the price on the house. Also, they are culturally destroying Australia by setting up their chow food shops everywhere. They must be banned immediately. Sydney in 2017 was looking like more Beijing with Chinese faces in the crowd outnumbering the whites by 10 to 1.
Subhadeep Sengupta whatever you say, I’m proud to be a Chinese Australian
Jackie Li Hi Jackie. Thanks. This video is targeted towards the Chinese nationals who are buying up a lot of Australian land and dairy and farmlands, funded by the government bank of China. Chinese Australians are Australians only and they are not the problem. Problem is overseas investments funded by very cheap interest rate loans by the People's Bank of China, which is being given to the Chinese Nationals. This needs to be regulated and higher tax must be introduced by the Australian government.
You see where the people are with econmical growth they can buy any where in the world nobody can stop this as an indian i will support this srinivas from andhra pradesh
Interesting just goes to show how big and powerful China is .
In Mandarin the world “Australia” means South China, see?
No. China will dissapear. Gone die
no it doesnt
澳大利亚，中国，南部中国 That's totally different.
nop, it doesn't
if you dont believe me just search it
SI SI Senor
And what does China buy in Australia have to do with CNBC, American news media?
Raja Titit Good question, very good question, perhaps they want some of that chinese money flow to the rustic states badly need capital injection so try to stir up bad feelings in Australia. Typical trick often deploy on HK when they want Chinese tourist head to the UK. Lol.
Lulu Berry - Nobody wants Chinese tourists. They make American tourists look like civilized people. I don't even know if anyone likes Chinese people.
Because they are out of ideas or maybe this is an interesting concept to make a video on?
sidenote: namanya bagus kak
Because we are your servants in the Asia Pacific Region, your government loves that the west have a presence in Asia through us. We are your puppets. So if China is purchasing shit, doesn't help your influence in the region.
I pretty sure it says “CNBC International”
I thought money has no skin color
You're on point, they always criticize China because they're scared that their children will work under Chinese.
Street Talent But why not? After I took over the business in Canada, I expended it so much that every staff have their income increased a lot. And I’m so far the only Chinese in the company.
Facts: 52% of foreigner owned land are owned by UK, only 2% owned by China. Of course, there will be different standards and moral high grounds, and it is quite politically safe to complain about Chinese money, as if it is ‘sinful’ or not 'Halal'.
Fact is not important, perception is.
Sean CHOW you're the boss? I'm chinese, hire me!!!
It is politically correct to criticise China, and sometimes people with Chinese descendant all together.
As usual some elements of this story are being left out. Unlike Canada; foreign buyers cannot just buy a suburban house outright. They must either construct a new house or renovate and extend an existing house. The cabinet minister Joe Hockey became enraged when a Chinese millionaire purchased a house in his rich Sydney suburb. The Chinese got around the law by constructing a tool shed. Joe Hockey took personal involvement in this case. The worst case I've seen of foreign ownership is a Chinese company taking a 99 year lease on a port in the Northern Territory. I wonder where they got that idea? HK
If you have Chinese interested you should tell them to bugger off
is there an updated version of this ?
At least Chinese people paid you money. Did you pay money to native Australians when you were building the neighborhood there?
Qwe Li Nah mate, you see the aboriginal people still live in the country and most have moved on and are enjoying the rewards of what the white people have contributed just like the Chinese. It’s very sad I think that most believe that the aboriginals had everything taken and were all killed off when in fact they were treated mostly equal and live on in this country with more benefits then what many white Australians receive from the government. In other words are you saying that it’s okay for Chinese investors to come into Australia and buy land at an enormous rate which bumps prices up to a point that will financially cripple most average Australians from buying their own house just because they paid our rich who have a monopoly on our housing market. It’s ok to destroy the kids futures that were born in the country because of some deluded thinking that Australians stole their land, even if this means that Aboriginal Australians will be locked out of the housing market aswell.
Joel Smith-Lowe Killing parents but giving fairly treatment to children doesn’t sound nice. Also I watch an American talk show, and that professor was talking about property owner issue in Australia. He pointed out that it’s totally misleading for those Australian medias was saying about rise in price of prosperities in Australia cause by Chinese. He showed that the official investigation found only about approximately 3% of house properties were owned by Asian (including Chinese) and Australian medians have never given a reliable date about how many Chinese own houses there. It’s not the secret that Australian government and media target Chinese as national threat. Demonizing Chinese as national threat. If you read the news in Australia, you will see they always say that Chinese oversea students are CCP spies, and this is reflected in Australians’ minds. That caused local people hate Chinese.
Qwe Li yes we have been paying billions of kangaroo $$$. But Chinese did not pay a cent when they flooded into Australia raping the landscape in the search for $$$$$$$GOLD$$$$$$$ ... I understand China is doing a similar thing in Africa right now but on a far more vicious scale!
the Chinese have no choice but to pay money. Poor counter-argument.
Tom Xavier You think too much. Chinese students come to Australia is simply because no Chinese schools accept them...like me...
Meanwhile, What is America bombing in Middle East?
Not enough
Every nation which isn't rich.
@1Energine1 are u sure china is doing that? Muslims were living in China B4 the US became a nation... Im pretty sure they couldnt hve kept the muslims tortured until now... is the news even reliable or is it propoganda?
@1Energine1 thts the thing.. You're using youtube vids to prove stuff, how is tht reliable?
Boom! DROPS MIC*
You are too confident that it looks like blind faith.. Im not surprised.
Have you ever been to china to prove your point? No?
Boom! DROPS MIC*
Are you a journalist tht have personally seen this? No?
Boom! DROPS MIC*
The fact that you use the phrase "It is open public knowledge" just proves you're silly.
Boom! DROPS MIC*
On a serious note though, i wouldnt trust "open public knowledge" if i were you cos iraq having weapon of mass destruction was open public knowledge yet no evidence were provided. So is the current iran issue .
Also lets not forget what hppnd to libya n syria. How did israel steal golam heights from syria is such an open public knowledge yet what did the UN do? Did they really steal it and if they did why wasnt there any action taken place?
Knowledge and information are in our hands not the media. Thjnk carefully.
@Wayne Haile dont entertain 1Energine1.. I just realised hes full of himself. He tends to rely on blind faith and foul language to get his point across.. hahaha its hilarious...
The love from China for foreign countries is the same as passionate as from Blacks to Whites, and from Whites to Blacks.
I’m Indian and love Chinese people! And these investors are quite opportunistic and it’s quite intriguing to see their interest in foreign land
Are you out of your mind
They buying Australia next is New Zealand 😂
The worry is the NZ Professor ( an expert on China) who warned about undue Chinese political influence before her South Island home was broken into, and only her computers robbed, then her car's brakes are tampered with, making her vehicle unsafe. That sort of carry on is unacceptable!
Not to worry, China wont buy our barley or beef but,
still plenty of Australian ports, farms, water, housing & politicians for sale.
You mean new china ?
@@jonathanturek5846 situation now changed after 3 years
Australia now more aggressive towards China.
Australia? You mean New China =D
funny joke mate Australia will always be it's own country
Thant Zaw Win Wow you guys don’t even try to hide that huh...
Thant Zaw Win None will laugh harder than the world when globalism crashes in 2020 and the global financial reset happens. Communist peasants can lick their wounds and reminisce about the west when they've been safely returned to their own home
Not just Australia, Canada, US especially California, UK london etc
On the up side the Aussies are benefiting from all the cash inflow from China. Tourism, (luxury) retails, hotels, exports, education and nearly every other sectors. It keeps the economy running and people in their jobs. It can be seen that most Aussie businesses are marketing directly to Chinese consumers, such as CNY campaigns and social media WeChat.
The only ones benefiting are those who control legislation that allows it. Politicians and billionaires.
The businesses marketing directly to Chinese in China are actually Chinese businesses in Australia exploiting their own kind, by selling them garbage and dreams (the new middle class mindset).
Without Chinese investment, I really doubt if Australian economy is able to keep growing.
One side yourself said "you welcome everyone who loves Australia ,you are openly,contained ".the man who believes you said come here now. You treating them as enemies especially Chinese. I want to know what's your really mean?
He welcomes who is stupid and lazy. But Chinese are diligent and brilliant.
Same is the case with Canada ...
How good or bad is it for the skilled workforce when they migrate to Canada ?
So many chinese comments. Proof that Australia is turning red and yellow.
Little Donkey i think Chinese don't use youtube
Because only Chinese would like to watch the video like this. Not many Australians.
Little Donkey...
Australia is wealthier than USA, just saying.
doody boy no it's not
Puremeth...
Oh yes they do. Per capita these guys got us beat.
They have less debt, free medical and health, easy access to justice and wait for it, guaranteed pensions.
And... their government actually works.
In 2050, their Pensions funds received by everyone - 30 million people will be worth 9 trillion and growing fast!
Makes our 14 - 18 trillion now, for 120 million privileged few seem pathetic really.
I like your channel and enjoying learning new things with you. You raised a very good question but the answer (this video) sounds like a middle school project. Information maybe correct but the answer is not complete and very general.
I was expecting to hear the answers on the following questions:
- how much Chinese invested in Australian assets during the last 10-20 years,
- breakdown of investments by industry,
- top 10-20 largest investments with names of Chinese and Australian companies,
- why Chinese invest in Australian,
= what Australian government did and did not do to make it happen?
- What is the share of Chinese investments in Australia compare with other country investors?
- what are the problems and issues with these investments?
Etc..
I hope you will be consider this in your next videos and maybe even do part 2 for this video.
Thank you
Lithium and cobalt for batteries next big thing !
😎
It seems in the center of Beijing, buying a two bedrooms apartment will cost at least 3m dollars. But in Australia a huge house may just cost less than 1m dollars.
CAPITALISM. STOP COMPLAINING, YOU REAP WHAT YOU SOW.
Great work CNBC
The next time someone throws a war we ought to tell the politicians to fight it themselves.
Need to replay this video today.
The Chinese love Aussie food products!
Chinese government decision/policy. It can be easily changed to New Zealand or other European countries if these countries could handle the demand.
You sound like one of those government online ChinaBot trolls with those threats. The Chinese elite will always get their hands on Australian products. The Black Market will increase ten fold if they buy products from somewhere else. That's a lose for the CCP. Not a good look either.
No, you dont know how China feel towards Australia right now.
Just go search in tencents news, you will see the overwhelming comments.
Try a few more provokes following Japanese right wing war propaganda, then you will soon see what I said is very real.
Sincerely.
Threats again!
I am Australian and our Chinese neighbour are really friendly. I love Chinese culture and their healthy green tea. Australia need investments since Australians ourselves are not doing much here to be honest.
So what's the point they are making business...I don't see that as a problem
AZIZ MOHD salute. Generally chinese like prosperous. They like money n wealth .
Ironically the USA has bought far far more of Australia than China, as can be seen by some quick googling to access the official Australian statistics on foreign investment.
In Beijing, buying an average two-bedroom apartment can cost 50 years of its citizens' average income.
I question are foreigners aloud to buy an own land 100,% in China
Nope. Not one bit
I, as a Canadian, can buy a house in China. They will even loan me some money. No one owns the land, cept the Gov't.
@@ablam8 i think youve been lied too buddy. My friend married to a chinese lady and he had to put it in his wifes name
@@jonathanturek5846 I believe you have to be married, and! , have lived in China over one year.
All your fault for being lazy and greedy, selling everything that your forefathers had worked for. I can't stand hypocrites.
Of course when you're in the club AIIB such it in US & Japan
Why is it the same ad over and over on this video, 30 seconds. Day one target day funds.
Its extremely difficult for foreigners to purchase property in China so I don't know why countries like the US and Australia make it easy for them to purchase in our countries. China wants to be the superpower of the world and they are going to achieve this if other countries don't wake up.
I totally agreed with this comment, US & Australia makes it easy for chinese to do it, i really have no idea
Be more worried about the American companies, they even own centrelink now.
Explain? Links?
Australia should adopt foreign laws of leasing or allowing the land to be rented when coming to foreign ownership.But not allowing the land to Bought & owned.
Just have reciprocal rights.
Australians cannot buy and own in Beijing, so why are we allowing them to buy here?
Any advise??
there got seller there got buyer ....win - win ....nothing to complaint....
3:08 Australia made a smart decision there, but not Malaysia.
The whole place?
Will be great to see the political and economical challenges facing Myanmar and the trend likely to see in the future. Thxns
China is rocking....we should admit it...this is chinese century..
Animal
I may wake up one day morning and see the Chinese flag flying in some houses during the Chinese national day !!!
Whats is jio in india and for its economy
Please make a video showing if there are any chances of India becoming a developed nation or super power in near future.
I think.Australia have laws to disallow foreigners to buy properties in Australia. They can always raise the ceiling threshold where foreigners can only buy homes above 2 miliion. Then thete is no.competition to local buyers for houses below 2.million.
a world power buying up assets and pushing trade or a world power seeking conflict and destruction?
China new state, Australia XD
Lima Charlie looks like it's time for MSNBC stop seeking conflicts and destruction. However, I'm glad that China is working with the Australian government to tackle this issue, it's mostly because of the Chinese citizens and not the government, Chinese citizens are very greedy.
Lima Charlie I'm from Canada and we're tackling the same issue here.
Lima Charlie You know what paradox means?
Johnson Long I wasn’t aware Canadians were “forced” to give it to the Chinese for”ffree”?
Some things should not be sold like power grid and port, not even your farmlands.
We, Australia have to cease trading with China. Doing that we will go broke for a few years until our industry catches up. If we don't stop trading with China, we will not only go broke but also be owned by China.
I purchase many things from China because they are not manufactured in Australia.
I can purchase an electronics item for $1 including postage from China. That item has about 20 components on it some of which would cost at least $1 in Australia. The parcel arrives at the Chinese post office in Sydney and Australia post forwards the parcel to me in North Queensland for no cost to China or me. If I was to mail this parcel to Sydney it would cost at least $3. Can you see how China is screwing us?
Becareful for what you wish for!......................LOL
WTF ,, when will Australians wake up !!! ,,fark me ,,
I find it wierd that people are fixated on the chinese buying properties. But not when they are buying alarmingly steep amounts of public stocks from american and australian companies like apple, telstra, walmart, amazon, google, etc.
Those american companies are not owned by the government, or it's own people but increasingly by foriegn nationals who are also their shareholders. But with property, I guess it's just more visible compared to purchasing shares.
When the american stock market goes up, it's the unnoticed masses of chinese shareholders that get rich and happy.
There is a cap on foreign ownership in Australia for China. Funny it's okay for the English and American companies to dig up all our gold and export it. We do have double standards when it comes to who can exploit us.
It's what happens when you have the worlds most corrupt politicians. Australian politicians hide behind legislation they create, the cowards. Unlike third world countries where they are corrupt to your face.
A buyer monopoly is just the start.
Did someone say ‘renting’?
Ok, your lease is up.
Australians can buy it back , but they are too selfish and to ignorant to see the possibilities.
It's as easy as 1.2.3.
But you need cooperation and honesty to do it.
And within a couple of years every Australian has their own home without owing a cent .
But this want happen because of above reasons
India will protect to australia...From china
1:44 wish i knew this when the one child policy was lifted so i could have invested in Australian diary companies
is this good or bad for australia?
We should be looking to China for inspiration on how to handle our imminent economic downturn. God forbid we grow our middle class too....
First they buy your food
Then they buy your house
Finally, they buy your mom.
Huehuehuehuehue.....
Wow putting your mother up for sale - I wouldn’t go that far 😂
Did they pay tax?did they bring job in the oz?if you need money what you can do? rob or trade?
In Melbourne my local Milk Bar is a Pty Ltd Company. The people who appear to own the Milk Bar have no idea how to run a Milk Bar: the shop has no stock snd what few goods are on the shelves are not what customers typically purchase. I wonder if the family who appear to own the Milk Bar are employees of the Pty Ltd Company and, if so, how many more family Milk Bars have been taken over. The corner Milk Bar gave many newcomers to Australia their start in the country and their children went on to become the doctors, lawyers and even politicians.
We buy everything you Americans are also buying, land, wine, food, properties, etc.
I ve been to sydney street it was like walking in Asia, i was surrended by chinese. It was nothing else than an invadion.
Unfortunately money coming in to countries seems to be based upon geographic location and transport costs....to sell to further away countries quality in product needs to go up to convince countries to pay more....in transport and product.
Anybody after china-australia issue?