View Single Post
Old 11-09-2014, 06:18 PM   #161
ILLaViTaR
FF.Com.Au Hardcore
 
ILLaViTaR's Avatar
 
Join Date: Mar 2007
Posts: 2,699
Default Re: Finally, someone telling it as it is....

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.
__________________
EB II 1992 Fairmont - koni reds, wade 977b, 2.5inch/4480's and much more to come!

Last edited by ILLaViTaR; 11-09-2014 at 06:28 PM.
ILLaViTaR is offline   Reply With Quote
2 users like this post: