Asian investors continue to be attracted to Australia
Eugene Chieng, a director and senior architect at Hayball, works predominately with international clients looking to develop and invest in Australia's property market.
This week's Dateline looked at the flood of wealth Chinese migrants are pouring into Vancouver real estate, and suggests Australia will benefit from curbing foreign investment.
As prices keep going up even in the face of bad news, most commentators and people who are not “in the market” decry the increases and become more vociferous. Their negative stance is being proven to be wrong by the market but in their mind they are right.
It’s like watching a bad soap opera (are there any good ones?) or episode of Jerry Springer: One group of fairly thick people holds one point of view. Another group holds the polar opposite.
