{"id":181,"date":"2015-05-05T05:25:43","date_gmt":"2015-05-05T05:25:43","guid":{"rendered":"http:\/\/canadafirst.nfshost.com\/?p=181"},"modified":"2015-05-05T05:25:43","modified_gmt":"2015-05-05T05:25:43","slug":"how-australia-deals-with-red-chinese-money-making-sydney-housing-unaffordable-for-australians","status":"publish","type":"post","link":"https:\/\/canadafirst.nfshost.com\/?p=181","title":{"rendered":"How Australia Deals With Red Chinese Money Making Sydney Housing Unaffordable for Australians"},"content":{"rendered":"
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How Australia Deals With Red Chinese Money Making Sydney Housing Unaffordable for Australians<\/span><\/span><\/b><\/div>\n

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:\/\/www.vancouversun.com\/business\/Australia+tackle+high+housing+prices+with+fines+ja il+illegal\/11025807\/story.html<\/a><\/span><\/p>\n


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\nSydney ranked third among least-affordable cities after Hong Kong and Vancouver, according to report<\/span><\/span><\/b><\/p>\n

“Australia will jail foreigners who purchase homes illegally<\/span> as the government seeks to slow a surge in house prices, Prime Minister Tony Abbott said.”<\/i><\/span><\/span>
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\nBrad: Canada will pick you up at the airport, drive you to meet the realtor who marketed the property to you in Asia, and translate the purchase agreement into a language you can understand.<\/b><\/span><\/span><\/p>\n

“The penalties will tighten scrutiny on overseas buyers at a time when record-low interest rates aredriving up Sydney property prices five times faster than wages<\/span>.”<\/i><\/span><\/span>
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\nBrad: Same situation in Vancouver, regarding property prices increasing faster than wage increases. Our real estate boards, developers and realtors are all working in support of this trend.<\/b><\/span><\/span><\/p>\n

“Overseas buyers are only allowed to purchase newly built homes i<\/span>n Australia and need the permission of the Foreign Investment Review Board”<\/i><\/span><\/span><\/p>\n

Brad: In Canada, anything goes, in particular the corresponding result of the lack of affordability for low and middle income Canadians. As a result, these folks are being pushed out of their city and are replaced by rich foreigners and new arrivals.<\/b><\/span><\/span><\/p>\n

“In Victoria state[Australia], foreigners buying houses will pay a new tax equivalent to 3 percent of the purchase price<\/span>, the Age newspaper reported Saturday.<\/i><\/span><\/span><\/p>\n

Brad: My goodness…there is a workable method to help deal with these issues. Perhaps if the BC Provincial government, along with our municipal politicians, were not so busy integrating China into Canada they might have a few moments to consider similiar initiatives.<\/b><\/span><\/span><\/p>\n

Alice Wong, Richmond MP: salary paid by Canadian tax payers, working on behalf of the government of China. Her recent Vancouver-based celebration:<\/b><\/span><\/span><\/p>\n

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\n“The government[Australian] plans to introduce legislation <\/span>on the measures later this year and ensure the changes are enacted on Dec. 1.”<\/i><\/span><\/span>
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\nBrad: The B.C. government plans to introduce a full Asian buffet at the 70th anniversary of the communist China celebration in Vancouver, occuring in the year 2020.<\/b><\/span><\/span>
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How Australia Deals With Red Chinese Money Making Sydney Housing Unaffordable for Australians :\/\/www.vancouversun.com\/business\/Australia+tackle+high+housing+prices+with+fines+ja il+illegal\/11025807\/story.html Sydney ranked third among least-affordable cities after Hong Kong and Vancouver, according to report “Australia will jail foreigners who purchase homes illegally as the government seeks to slow a surge in house prices, Prime Minister Tony Abbott said.” Brad: Canada […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[54,83,84],"_links":{"self":[{"href":"https:\/\/canadafirst.nfshost.com\/index.php?rest_route=\/wp\/v2\/posts\/181"}],"collection":[{"href":"https:\/\/canadafirst.nfshost.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadafirst.nfshost.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadafirst.nfshost.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/canadafirst.nfshost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=181"}],"version-history":[{"count":1,"href":"https:\/\/canadafirst.nfshost.com\/index.php?rest_route=\/wp\/v2\/posts\/181\/revisions"}],"predecessor-version":[{"id":182,"href":"https:\/\/canadafirst.nfshost.com\/index.php?rest_route=\/wp\/v2\/posts\/181\/revisions\/182"}],"wp:attachment":[{"href":"https:\/\/canadafirst.nfshost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadafirst.nfshost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadafirst.nfshost.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}