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It's taking a holiday together for the last time before your life changes for ever. Not to mention the fact that you won't be able to have one for a long time afterwards

Not a difficult concept really

Your parent logic is not welcomed around here. We still playing with skylines.
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You seen riverside racing's excel?

N/a sr20 with 200kw or something (dont quote me, but it was 200-low 200

Sounds mad

That's my mates car, now it has built SR20VE engine + supercharged and about 350kw.

It's taking a holiday together for the last time before your life changes for ever. Not to mention the fact that you won't be able to have one for a long time afterwards

Not a difficult concept really

f**k off dad

I mean the generation 0-40

Though I think it's a societal shift brought on by technological change and cheaper material goods rather than isolated to one generation

Even my 59 year old mother can't wait for the next iPhone...had to get a 6S to replace her worn out 6...from 12 month ago.[/quote

Depending how much use ya iPhone gets they really do only last 12 months in my experience but I'd be in the highest use category no doubt

Watched a 4 corners thing on property in Sydney, Chinese money and corruption. Was interesting. Chinese real estate agent with average English selling 32mil and $40mil homes... Then the houses get knocked down and rebuilt. Good times. Who needs money anyway

Watched a 4 corners thing on property in Sydney, Chinese money and corruption. Was interesting. Chinese real estate agent with average English selling 32mil and $40mil homes... Then the houses get knocked down and rebuilt. Good times. Who needs money anyway

I doubt foreigners buying 32 million dollar properties is impacting on anyone in this country

It takes a hot meal off a struggling families table.

Jks.

It was impacting the real estate agent. She was driving a new Bentley.

It was saying how in some cases corruption money was being funneled or used to help fund entire apartment buildings but because the money comes from offshore accounts there's nothing anybody can do. One of the examples was a large apartment building which sold 100% off the plan after 8 months of being for sale. Construction had barely started

I doubt foreigners buying 32 million dollar properties is impacting on anyone in this country

when they get knocked down and turned into 100 inner city apartments all sold to chinese investors at inflated prices it does.
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Construction never starts until a set point of sales the banks won't release finance.

Well it's providing rentals for many ham and a lot of buildings have a capped % that can be sold offshore

But you know facts and a good story don't always go hand in hand

I dont understand why you think the Chinese aren't affecting the house prices though Alex? Come sell some houses in the South East, particularly Box Hill and now venturing out into Burwood and surrounding suburbs. You're looking at over 1 million dollars for lots of sub-par houses.

That's just what the market needs, more rentals and less affordable housing

This will ensure a sustainable future and the financial security of many well into fheir retirement

  • Like 1

I dont understand why you think the Chinese aren't affecting the house prices though Alex? Come sell some houses in the South East, particularly Box Hill and now venturing out into Burwood and surrounding suburbs. You're looking at over 1 million dollars for lots of sub-par houses.

Didn't say it's making zero impact but the media are create a half story, in sure your aware all those established properties are 100% off limits to foreigners right? So ok they look Chinese perhaps they are perhaps second generation but they are citizens as entitled to buy as you and I.

Also Did u see there are other nations buying more than the Chinese? Nobody minds the Americans?

That's just what the market needs, more rentals and less affordable housing

This will ensure a sustainable future and the financial security of many well into fheir retirement

The fact is the young generations don't want to sacrifice or compromise and not to mention the woeful work ethic so the reality is a generation of renters whether we like it or not

I dont understand why you think the Chinese aren't affecting the house prices though Alex? Come sell some houses in the South East, particularly Box Hill and now venturing out into Burwood and surrounding suburbs. You're looking at over 1 million dollars for lots of sub-par houses.

Bayswater and Ferntree Gully now - Bayswater is going to be the next Chinese super city

There's a preschool in Boronia, now with a huge sign out the front saying "we teach Mandarin" lol

The fact is the young generations don't want to sacrifice or compromise and not to mention the woeful work ethic so the reality is a generation of renters whether we like it or not

Even if this sweeping generalisation is true, what chance are you giving them with such an inflated market?

I'm not a housing bubble person, but we reputably have some of the most expensive housing in the world...that's a huge title to have. Set to get worse given it's not just Australia's population eyeing the market.

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