YOUNG 20 SOMETHING HOME OWNERSHIP – NOW IMPOSSIBLE?
China becomes largest investor and owner of Australia’s Real-estate! The Australia- China Free Trade Agreement has opened the floodgates. The threshold for private Chinese investment in developed non-residential commercial real estate in Australia not heritage listed will increase from $55 Million to $1.094BILLION and this also consistent with FTA’s brokered with Japan and Korean non-government investors.
There is no private ownership of land in China. One can only obtain rights to use land. A land lease of up to 70 years is usually granted for residential purposes. Foreigners cannot be landlords. Property ownership for investment by foreign companies and individuals are prohibited. Chinese living overseas and residents of Hong Kong and Macau are exempt from these restrictions. ( Source globalpropertyguide.com).
CANCEL THE CHINA FTA AND DON’T SIGN TRANS-PACIFIC PARTNERSHIP – POSSIBLE OR NOT?
NOT- if you vote for Turnbull or Shorten’s lot!
YES- if you join and vote for “Australia New Era Party”!
You had better decide quickly, Your children’s future is in your hands right now, Australia is in your hands, JOIN MY PARTY NOW – send an email with “I wish to join” subject line to email@example.com for an enrolment form. Cheers Ray. Your children will love you if you do and hate you if you don’t! They deserve to own a home, Cheers Ray.