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property investment

Dirt cheap citizenship: real-estate agents brag as they sell Australians out

Jonathan Page is outraged by 'journalist' pieces in the media where real estate agents brag about foreign speculators buying up our real estate, and even letting the properties sit empty while waiting for their capital to increase. This problem is related to the relaxing of Australian laws on foreign ownership

Bad Australian Foreign Investment Laws marginalise Australians

Real estate speculation occurs on previously unknown levels via the global Internet, with rapid convergence and mushrooming of of speculative industries and professions across government and private sector. At Federal level, the National Foreign Investment Review Board (NFIRB) promotes foreign investment in local real estate and encourages housing purchases by temporary immigrants for high turnover. Local realtors tout Australian property internationally, using private migration agents and local solicitors. At State level (where land use planning laws are made), organizations like the Property Council of Australia (PCA) are closely involved with determining government policy. The Australian citizen has less and less say in any of this.

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