I'm still in head slap mode
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The prosecution rests, Your Honour.
The bottom line is that as an Australian I can't buy property in China. Similarly the Chinese should not be allowed to buy property in Australia.
The prosecution rests, Your Honour.
Make that any Country where they say no to us, but wanna buy here.
Whether you would or wouldn't - and it may well be that China and/or other places become areas of interest in the future - it's the principle of it.Not sure why you'd want to buy real estate in China or some other backward developing country? We are so lucky that the top 0.1% of people in China want to even consider putting their money here, in our businesses or real estate. The 'reciprocity' talked about is a furphy - most people here wouldn't even put $1 into Chinese real estate or businesses so it is basically irrelevant.
My issue is not the origin of the money.The principle thing can only go so far. I am pretty sure that most of the cash that comes here from overseas like China etc is dirty money. No question about that. Do we therefore prohibit them using that to invest in this country, since we abhor corruption and money laundering? Shades of grey.
The prosecution rests, Your Honour.
Make that any Country where they say no to us, but wanna buy here.
Not sure why you'd want to buy real estate in China or some other backward developing country? We are so lucky that the top 0.1% of people in China want to even consider putting their money here, in our businesses or real estate. The 'reciprocity' talked about is a furphy - most people here wouldn't even put $1 into Chinese real estate or businesses so it is basically irrelevant.
My issue is not the origin of the money.
It is the non-reciprocation, while whining about our Country from within and without, and yet all the while enjoying the benefits of Aus's generosity.
Even if it was only 0.1% as you said, that still amounts to 1.3 million foreign Chinese investors who are millionaires wanting to invest in Australia and will push up prices and push out Australians. As China booms further the number of rich there who look to invest in Australia is going to increase staggeringly.
As to reciprocity, you are correct that not many Australians wouldn't invest in China. That doesn't mean we should open the floodgates for them and let them invest here just because their own country is not as good.
No; I advocated tarriffs on online overseas purchases - Ebay and other online sites, etc. These are currently not taxed an import duty, and are killing the retail store industry in this Country.were you not recently advocating higher import tariffs to protect australian manufacturers etc?
See above, re: Ebay, etc.judging by your stance here of "if one country does it the other should too" does this not mean that you believe china should then increase import tariffs on australian products?
You are on the wrong tack re my statement in a previous post. See above.what would happen to our iron ore exports or our dairy exports there? they would collapse.
Only import duty on personal online purchases that aren't already taxed an import duty.are you sure youre advocating this?
Yes.also, what if the foreign buyers were from another country that allowed foreign property investment? would you be ok with it then?
I cant comment on their residency status.... but living in the area for the last 30 years i know the local demographic quite well I can assure you the proportion of Chinese buyers would have to be 10-20 times the proportion of chinese people living in the suburb. We are honestly talking 60-80%.