Re: Finally, someone telling it as it is....
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sneaky article implies that because total numbers on foreign investment are down that the recent influx in chinese investors has not affected demand when it actually has incredibly. The problem they fail to acknowledge is it's a big nation and the demand (as has always been in property) is localized. It also seems to be hiding the elephant in the room that foreign investors from China are infact increasing..
Chinese pushed the Sydney market up 10% that is fact.
No one is saying you still can't get sub 200k quality brick homes in ballarat, horsham and elizabeth downs etc. They're saying the Chinese are inflating blue chip suburbs and making them unaffordable pushing Australian out which is completely true. That article is out of context and over generalized it probably got it's biased data from the local estate by Ayres Rock.
Then there's Cwmyoy in Wales which hasn't even hit the industrial revolution let alone industrialized demand.. funny article though.
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Last edited by ILLaViTaR; 11-09-2014 at 06:28 PM.
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