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.
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:
|Here is a story that explains this concept. Thanks to our contributor, Matthew Mitchell, for alerting us to this brilliantly simple analysis of our current problem, originally published as a comment here. It is a skilled, yet easy to understand, critique of economic theory that underpins todays political policy and the similar adverse impact of globalisation on places as far away from each other as Bangladesh and Australia.|
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?
Illustration: collage of icons from housing and immigration industry sites and Steve Vizard who marketed the Bracks Melbourne Population Summit in 2002
Article by Jonathan Page