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Ah Tiongs hated in Sydney

neddy

Alfrescian (Inf)
Asset
Join in the fun, after our Vancouver losers.

[h=1]Rally against the Chinese real estate invasion![/h]

Australia is under attack from greedy foreign intruders who are rapidly acquiring Australian residential property pricing locals out of the market. Aussie battlers are being pushed to the fringes of our cities while foreign intruders are reaping the benefits of hard working previous generations. The price of housing in Sydney and Melbourne has skyrocketed crushing the dreams and aspirations of young Australian families who are increasingly dispossessed. The new dispossessed or forgotten people will one day be remembered as the ‘stolen generation’ priced out of the market by invading overseas Chinese colonising our suburbs and cities.

The Australian dream of owning a residential home is rapidly becoming a distant memory due to the drastic increase in mass third world immigration coupled with foreign ownership. Housing affordability has become a smashed due to foreign buyers snapping up property at our expense.

In particular Chinese foreign ownership of residential property and assets is pushing the Australian prospective homebuyer to the fringes of society living in compromised living arrangements competing against foreign forces invited here by the policies of the major political parties who ignore the plight and struggles of young families seeking to progress up the economic ladder.
Struggling & isolated Aussie families:
Australians are feeling alienated and isolated in areas once considered safe and cohesive. Not only are Australians becoming a ‘stolen generation’ due to being priced out of the housing market, our families and children are feeling a loss of identity and community.
The ‘Aussie Dream’ has been shattered due to the greed of government, foreign speculators and invaders who are colluding together to ethnically cleanse suburbs of Australian families. Many of these hard working families are now trapped in a rental cycle struggling to pay over-priced rents competing against foreign intruders.

Segregated Chinese ghettoes:
Over the past ten years, Australia’s Chinese born population has more than doubled having an obvious impact on housing, jobs and schools. Chinese immigration has created a parallel society with Chinese preferring to live in areas with large Chinese populations creating segregated ghettoes. Chinese are increasingly turning to Chinese speaking property agents who are more than obliging to contravene Australian foreign investment rules in the pursuit of greed and conquest.
Chinese nationals are Australia’s largest foreign buyers of residential property and farms with recent figures showing over 20% of new residential property in NSW and Victoria sold to foreign nationals but contrary to the lies perpetrated by real estate agents (pimps) and government officials, they’re not just buying expensive properties. New figures reveal that around 70% of all sales to foreign buyers were below the $1 million mark.
Housing Bubble to Burst:
Australia is experiencing its worst housing bubble ever having the most indebted housing sector per capita in the world. An insatiable Chinese appetite for limited residential property has created a debt bubble as local families increase borrowings in the hope of securing a home. National mortgage and household debt has skyrocketed to over $1.9 trillion making the US sub prime collapse look like a walk in the park when our housing bubble bursts.
In particular, the Sydney property market has reached new unsustainable highs with the median Sydney house price now standing at $914,000 smashing local home ownership rates and creating more unproductive debt.
Illegal Occupation:
According to the FIRB (Foreign Investment Review Board) foreign nationals are not allowed to purchase residential property yet China has become Australia’s biggest source of approved foreign investment after a $12.4 billion splurge on real estate last year. Fat cat Treasurer Joe Hockey said the new figures was evidence Australia was “once again, open for business”. Indeed, ‘open for racial replacement or genocide of the Australian people’.
Thousands of Australian homes have been illegally embezzled and occupied yet the FIRB enforcement of foreign investment rules has been virtually non-existent with only two residential real estate purchases rejected last year.

Treasonous Politicians:
A recent parliamentary committee confirmed that local buyers were being squeezed out of the residential property market by foreign investors, particularly from China. The review found there were serious gaps in the enforcement of foreign investment rules.
Never before have we witnessed such treason from our elected politicians who have remained largely silent while the Australian Dream slips further away from working families. The plight of struggling Australian families ethnically cleansed from their suburbs highlights the treason and preference that our self-serving politicians give to foreign intruders over locals.

Genocide Demographics:
The economic impact of foreign ownership coupled with large scale Chinese immigration means more Australian workers are being displaced. Chinese residential property ownership means more immigration resulting in increasing competition for diminishing affordable housing, scarce jobs and university places. The effect of this invasion is far reaching with locals being pushed to the fringes, competing against Chinese workers who are known to work for less resulting in fewer jobs for locals and their children.
Demography is destiny, and with the full support of the major parties, Australia is undergoing a drastic demographic change. Traditional Australians are becoming strangers in their own land with many of our suburbs being turned into third world ghettoes riddled with crime, social friction and impending real estate bubble collapse. Current trends indicate Australians will become a minority in their own land within the next 30 years if present invasion figures continue.
Party for Freedom is a grassroots patriotic political party that represents the forgotten people. We need your support on the 30th May in sending a strong message to the Chinese government and Chinese nationals that their residential property purchases (ownership) in Australia is not welcome.
Pls. bring Aussie flags, and placards expressing your opposition to Chinese nationals raiding the local residential property market.
Facebook discussion group: https://www.facebook.com/events/697645543694220/
Where: Chinese Consulate,
39 Dunblane Street, Camperdown
Date: Saturday 30th May 2015
Time: 12 noon to 2pm
Meet: Front of Chinese Consulate
Info: Nick Folkes ph: 0417-679972
 

neddy

Alfrescian (Inf)
Asset
For the fun of bashing Tiongs another article
Tax office property probe: snitching neighbours dob in foreign investors

DateJune 9, 2015 - 7:07AM
  • 319 reading now
Lucy Macken and John Garnau


Article%20Lead%20-%20wide996907257ghj6dtimage.related.articleLeadwide.729x410.ghj6k9.png1433797661033.jpg-620x349.jpg
Chinese property developer Xu Jiayin was forced to sell his $39 million Point Piper mansion Villa del Mare because it was purchased in contravention to the foreign investment rules. Photo: Helen Nezdropa
Tax investigators have tracked down dozens of foreigners who have sidestepped investment laws to buy real estate in Australia, with one foreign investor being allegedly caught with 10 properties.
Treasurer Joe Hockey announced early results of a new Australian Tax Office probe on Tuesday amid growing concerns that foreigners may be inflating house prices by buying without the necessary approval from the Foreign Investment Review Board.
It comes days after a Fairfax investigation revealed that a Chinese property developer, Wang Zhijun, concealed his identity behind an elderly Melbourne couple to buy one of the country's most famous homes, Altona, at Sydney's Point Piper for $52 million.
Article%20Lead%20-%20wide996907257ghj6aiimage.related.articleLeadwide.729x410.ghj6k9.png1433797661033.jpg-620x349.jpg
Villa del Mare: The ATO audit has caused discomfort for some of the advisers and real estate agents who deal with the high-end markets of Sydney and Melbourne. Photo: Helen Nezdropa
Fairfax understands Altona is one of the 195 homes that Mr Hockey say were under investigation by the tax office
 

maxxi

Alfrescian
Loyal
Poor Aussies they never comtemplated actually buying properties in their cities until the Asian invasion.

They all get money from Gov to rent.
 

JohnTan

Alfrescian (InfP)
Generous Asset
My white aussie friends who are working as real estate agents love the Tiongs!
 

GOD IS MY DOG

Alfrescian (Inf)
Asset
fark lah..............tell me which foreign country welcome Ah Tiongs and Ah Neh..............even Martians can't tahan them lah !
 

frenchbriefs

Alfrescian (Inf)
Asset
Is there any place on earth that doesnt resemt chinks?even hong kong dislikes chinks and they are bloddy chinks!!
 

The_Hypocrite

Alfrescian (Inf)
Asset
Another pov abt housing affordability in oz.

ABC HomeOpenSitesmenu - use enter key to open and tab key to navigateSearchThe DrumOpen menuTHE DRUM

Who's the real culprit behind soaring house prices? (Hint: it's not Chinese buyers)

OPINIONTHE DRUM*IAN VERRENDERMON AT 5:28AMPHOTO*What seems to have eluded our political masters is that market adage - the bigger the boom, the more painful the bust.AAP: DEAN LEWINSAs easy as it is to point the finger at Chinese buyers amid rising tensions over housing affordability, the real culprit is right here at home, writes Ian Verrender.For all the hullaballoo about the flood of Chinese cash into domestic real estate, there's one Aussie house that is seriously on the nose with our northern neighbours.Actually, make that three.For the past year or so, James Packer has been snubbed by Chinese punters, who for years were so enamoured with his Macau gambling dens that he eventually built three of them.After plummeting 40 per cent last year, revenues for the year so far are down a further 37 per cent.It's not just our James and his good mate Lawrence Ho suffering either. All the Macau casino operators have seen their earnings decimated, with the industry notching up 11 straight months of heavy declines, and now dropping to a mere $US3 billion a month.The reason? The Chinese government has cracked down on corruption. Money laundering has come under the watchful gaze of Beijing.

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ExpandPerhaps it's a huge coincidence. But the casino crackdown seems to have coincided with the latest deluge of Chinese cash washing through property markets around the Pacific. If you can't launder your money through Macau, best to get it out of the country altogether.Australia - and particularly Sydney and Melbourne - are favoured destinations. But Auckland is high on the list. So too is Vancouver. And in California, Chinese purchasers are swamping the San Francisco market.Headlines around the Pacific are eerily similar. Take this one from The Diplomat from a few weeks back: "Chinese Buyers Fuel California Property Bubble."In Vancouver, the average price for detached houses sits just under $2 million,after rising 173 per cent in the past decade.The Globe and Mail tells the story of a couple who, having paid $C488,000 for a house in 2000, put it up for sale in March. Within two hours, they had an offer for $2.29 million andaccepted $2.48 million to a mainland China buyer.Australia recently signed a Free Trade Agreement with China and the final draft of that deal is due to be delivered within weeks.While we've been regaled with promises of vast trading opportunities and fabulous profits, it will be interesting to see whether anyone among the vast army of advisors to the deal has bothered to ask this simple question: if it is illegal to take more than $US50,000 out of China, why are so many Chinese nationals capable of splurging millions of dollars on individual properties?There is a simple answer to that: China doesn't enforce its rules.The most common way to secrete cash out of China has been through "padding" of trading company invoices - a play on transfer pricing. The second most popular method was through Macau gambling dens.When combined with the rorts surrounding Australia's Significant Investor Visa scheme - where a $5 million investment buys foreigners permanent residence - Australia was open for business when it came to real estate.Despite all the evidence, all the media reports and the outcry within the community, the Significant Investor Visa loophole - where foreigners simply borrowed the $5 million back from an investment bank to buy real estate, using their $5 million investment as collateral - has only just been closed.So far, the FIRB and the Treasurer, Joe Hockey, have found just one foreign investor - Xu Jiayin, one of China's richest individuals - who has breached foreign investment guidelines. His $39 million Sydney harbourside mansion, was forcibly sold recently amid a publicity blitz.The buyer, however, was a wealthy Chinese national, Lola Wang Li;*a woman who maintains she has no links with Xu.The Chinese incursion into Australian residential real estate - and the unwillingness of Australian regulatory bodies to enforce the law - is part of a broader malaise that has seen regulators from the FIRB and the Department of Immigration through to the banking regulator, the Australian Prudential Regulatory Authority, and the Australian Tax Office reluctant to act.As easy as it is to point the finger at Chinese buyers amid rising tensions over housing affordability, the real culprit is right here at home.This is the result of a lack of oversight and enforcement from a federal bureaucracy denuded of staff for the best part of a decade and a federal government that appears unable or unwilling to identify a problem.No one, it seems, has had any interest in reining in the runaway housing market, a point hammered home by Prime Minister Tony Abbott last week when he expressed a desire for prices to keep on rising, despite a blunt warning from new Treasury head John Fraser.The following day, as he ramped up the notion into a political fight - Bill Shorten wants your house to decrease in value - Hockey attempted to argue that soaring house prices and affordability were separate issues.What seems to have eluded our political masters is that market adage - the bigger the boom, the more painful the bust.Then of course there is the constant moan from the business lobby; Australia is too costly, wages are too high. There is a reason for that. It's called real estate. For the past 15 years, rents have dictated wages. Not the other way around.No matter how you measure it, Sydney and Melbourne real estate is in dangerous territory, fuelled by a heady mixture of cheap cash from foreign and domestic investors.When it unravels, the pain will reverberate through the banking system, causing enormous damage to the real economy.A major reason for the official inaction is that this is a bubble that has been deliberately contrived.In 2012, when the Reserve Bank began its easing bias, it was determined to create a housing boom - so residential construction could fill the gap created by the decline in resource project construction.But as investors, rather than owner occupiers, plunged in almost from day one, APRA and the RBA should have taken action. Instead, they were happy to watch the bubble inflate and now, rather than admit a mistake, reluctantly are playing catch-up.A large portion of the investor action emanated from self-funded retirees, taking advantage of changes to superannuation rules that allowed them to gear up their super funds.While as a nation we boast about the extent of our national savings pool, little attention has been devoted to the fact that a significant amount of that pool is now exposed.As the Storm Financial collapse graphically illustrated, the capital losses on a property market bust will be magnified by debt. That could wipe out a significant number of super balances and put more pressure on the federal budget.After months of procrastination, APRA finally has begun to enforce its own rules on high risk lending. But it may be too late.In 2010, capital city property prices, particularly in Sydney, declined by 10 per cent in what was a relatively orderly retreat.But the enormous gains of the past two years, which clearly has the new Treasury head concerned, will ensure the next decline will be anything but orderly.Ian Verrender*is the ABC's business editor.

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