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What are you thinking right now?
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14-10-2013, 06:08 AM
(This post was last modified: 14-10-2013 06:09 AM by Ollie.)
Post: #1914
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RE: What are you thinking right now?
Yeah, a lot of people down here are selling via auctions because there are lots of rich asian buyers coming in to Australia (not that there's anything wrong with that), I was told by a neighbour the reason for this is because if Chinese buy a property for something like between $500,000 - a million and something they could gain permanent residency, as to wether that's true or not I don't know. What I do know is that if you invest $5,000,000 in our economy and live here for what I think is 40 days a year for 4 years, you can get permanent residency. I kind of think that our system is flawed.
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