Excellent comment from MB;
But how could any grubby money from China be getting to Australia?
Our borders are carefully guarded by a battalion (8 in fact) of highly trained operatives of the FIRB administering procedures more finely honed than the workings of a Swiss watch.
All those first home buyers must delighted to know that part of the reason they remain priced out of the market is that the Australian government has made hiding grubby Chinese money part of its ‘Open for Business’ strategy.
That’s a 50% decrease in Sydney prices before they normalise!
Australia’s “whipping boy” youth – Time to evacuate out of this shitty country.
Macrobusiness has done it again, probably for the 50th time, but there you have it. Let nobody be allowed to claim negative gearing has the slightest positive affect on anything in Australia.