foreign investment

Chinese investors are often blamed for Australia’s escalating house prices but a number of factors might mean the demand will drop off in coming years. A recently released report found investment in residential real estate by the Chinese is slowing. As the gap in rental yields between the two countries closes and house prices increase, Australian residential real estate is beginning to look less attractive. The lifting of restrictions on Chinese urban residential property ownership and personal investment monetary restrictions may also play a part. [Article first published on The Conversation, May 1, 2017]

At first glance The Australian Greens’ announcement that they would abolish the negative gearing ₁  tax break, in a bid to increase government revenue through increased taxation and improve homelessness and housing affordability looks like the right move. I have, however a few questions about this.

See also: comment Opposed to $500 million Chinese theme park for NSW Central Coast (10/8/14) by the Australia First Party.

The Wyong Shire Council on NSW's Central Coast, has given its approval for the construction of the "Chappypie China Time" theme park to be built on 15.7 hectares of bushland at Warnervale. The bushland was sold to the Australia Chinese Theme Park Pty Ltd (ACTP) for $10 million. A short presentation by the Wyong Shire council to promote the Theme Park is shown below:

Australia, still a colony, has more supermarkets per capita than the US and nearly three times as many as the UK. India, no longer a British colony, has no supermarket chains. What other country can claim this? Late last year Indian shopkeepers rioted successfully to stop foreign investment liberalisation and multinational supermarkets. Here is a mostly French-sourced article about how emerging powers are looking after their own industries, while the free-marketeers of the west sell the rest of us down the river. See also article about President Francois Holland's program to meet protectionism elsewhere with protectionism at home: ,"New French industry policy to moderate globalisation, Ministerial interview" A word of warning to vegetarians, the sacred cows of India are being sacrificed now to the mighty dollar.

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