Seeking Info on house purchase Breaches of the Foreign Investment Review Board rules on foreign investment

What hope do ordinary Australians have when their own government encourages this kind of unfair 'competition' for wages and for housing?

Map Home Loans
Specialists in temporary & non-resident home loans

Will I need approval from the Australian Government (FIRB)?

The Australian Foreign Investment Review Board monitors and tracks all foreign investment within Australia.

Those buying vacant land will require FIRB approval however the approval will always be forthcoming. The government encourages investment in vacant land/construction given that it promotes the construction (and therefore jobs) and adds to the existing housing stocks.

http://www.maphomeloans.com.au/457-visa-home-loans/vacant-land-home-loan-for-temporary-visa/
Home Loans
Spouse/Partner Visa Home Loans
457 Visa Home Loans
British Expat home loans
Australian Expat Home Loans
461 Visa Home Loans
Other Home Loans

MAP Home Loans are Australia's #1 Specialists in Helping Temporary and Non-Residents Get Fast Home Loan Approval, at a Great Rate...

Even if you don't have a 20% deposit
Enquire Now

Spouse / Partner Visa Home Loans
457 Visa Home Loans
Australian Expat Home Loans
NZ Citizen 461 Visa Home Loans
Other Home Loans

When Temporary or Non-Residents Need Finance For Residential Property, Here’s Why They Turn To MAP…

We know that obtaining a home loan can be a challenging experience for temporary and non-residents, as well as Australian expats.

Many banks, lenders and mortgage brokers are not used to dealing with people in your situation. They may be unsure how to get your home loan approved, or simply decline your application because they don’t know any better, or the application is too tricky.

At MAP Home Loans, we specialise in helping temporary and non-residents (including Australian Expats) get fast home loan approval, at a great rate. And because we only work with people in your situation, we’re very good at getting loans approved.

We’ve already helped hundreds of temporary and non-residents, and chances are we can help you too. Simply contact us to arrange an initial phone chat to assess your options. There is no cost and no obligation.
How We Fast-Track Your Home Loan Approval

Because we specialise in non-resident home loans, we understand the complex lending policies and requirements of over 31 mortgage lenders, to ensure your home loan is approved the first time, at the best possible interest rate, saving you thousands of dollars.

We also understand that many temporary and non-residents are not always in a position to supply a 20% loan deposit. Depending on your visa status, we can usually arrange finance, even if you are only able to supply a deposit in the 5% to 10% range.

Finally, we help you avoid the common (and costly) mistakes that arise due to complex requirements with respect to foreign currency, regulatory and taxation factors.
In summary, we allow you to…

Secure loan approval, even when other
banks have said “no”
Increase your borrowing capacity
Minimise the deposit required
Pay a lower interest rate
Fast-track and streamline your property purchase

We have a strong record of success and even guarantee our services. If you are not 100% satisfied, then we will pay your first week’s home loan interest repayment.

Contact us now for an exploratory chat about your options and how to secure fast home loan approval, at a competitive rate – even if you don’t have a 20% deposit.
Home Loan Resources For Non-Residents

FIRB Approval
Guide to Buying Property
Lender’s Mortgage Insurance
Mortgage & Home Loan Glossary

The Ever Bright Group: Housing projects

'Exclusive' Stonnington development.

The Australian Electoral Commission yesterday released financial disclosure data
for the 2013-14 financial year, revealing that the single largest donor to
the ALP was an unknown China-based person named Zichun Wang. Crikey can reveal that
Zichun Wang appears to be the deputy general manager of Chinese property
development firm Ever Bright
Group, responsible for several large developments in Melbourne’s eastern
suburbs.

Wang gave
$850,000 to the national ALP Secretariat in two parcels that year, the
largest donation to either party.

An article
about the “mystery Chinese donor” in Fairfax provoked much speculation as to the
identity of the generous figure, with Business
Spectator discovering links between Wang and
Australian real estate investment.

But Crikey can reveal the
man behind the money appears to be Melbourne-based Ever Bright Group’s deputy
general manager.

Ever Bright Group is responsible for building a range of large property
developments primarily across Melbourne and Shijiazhuang, the largest city in
Hebei province. Property developers have been banned from donating to
political parties in New South Wales since 2009, but there are no Victorian
or federal rules against it.

It's assumed that high population growth and the housing "boom" is the solution to our economic stagnation and debts in Australia, but actually it's the cause. It's an unsustainable Ponzi pyramid of property investors all with vested interests in high volume real estate sales, riding on high population growth! Our economy has become trapped into the "growth" model, and with record low numbers of first home buyers, the properties must be marketed to international investors. It's to keep the housing bubble inflated for as long as possible. The real estate Ponzi scheme has a life of its own, and it's a monster that's consuming us. Urban growth means that former industrial sites are being swallowed by housing growth, adding to the unemployment rate. Hence, immigration rates are pumped up to increase the number of buyers, and then the public are locked into inter-generational infrastructure debt, and heavy mortgages or rents. It's like the movie, The Matrix! It depicts a dystopian future in which the reality as perceived by most humans is actually a simulated reality called "the Matrix", created by sentient machines to subdue the human population. In this present dystopia, people are being stacked and warehoused in the Ponzi pyramid, and are forced to pay for high costs and see their jobs and skills being over-ridden and ignored while foreigners benefit. We are gagged by PC (political correctness), and with only a shred of democratic powers to avoid the heavy costs being placed onto the public, and treated as economic units.

The Federal Government says it will tighten scrutiny of farmland sales to foreign buyers from next month.

Speaking at a sheep grazing property outside Canberra, Prime Minister Tony Abbott said Australia was "built" on foreign investment from Britain, the United States and Japan. Yes, there was lots of "investment" in Australia's land during our Colonial past, which meant that settlers from Britain and America etc could come and grab land at bargain prices - land that was being looted from the traditional owners! Many of the "foreign" buyers actually became citizens, not remote owners!

Australia was also "built" on immigration, but that doesn't means we can keep the fantasy of youth young forever! It's childish to stay holding on what we did as a nation when we were young. Growth in middle age means growing fat around our waistlines, potentially causing medical conditions, and obesity. We must accept maturity as a nation, and that our land is a finite resource, and policies must be trimmed accordingly.

As it is now, the Foreign Investment Review Board is required to scrutinise farmland sales to foreign private entities of more than $240 million. So, with such as massive bottom-line, low, bargain-basement price, it's no wonder that not many properties have passed any "review"!

There's tighter FIRB restrictions already written in to the free trade agreements Australia struck with Japan, Korea and China last year, which lowered the threshold for scrutiny of farmland purchases to $15 million, and agribusiness purchases to $53 million. Being "open for business' means selling off our sovereignty bit by bit!

Commonwealth moves to tighten monitoring, scrutiny of foreign investment in farmland on ABC Rural (11 Feb 15 – updated 3.40pm)

The details of these "new" rules are not clear, but with Australia's identity being continually diluted by neo-liberalism, Multiculturalism, and globalisation, those patriotic enough to be concerned by the sale of Australia are probably feeling war-weary and defeated!