MY EMAIL to the HON MARIA VAMVAKINOU -MEMBER FOR CALWELL--DEPUTY CHAIR IMMIGRATION STANDING COMMITTEE Dear Maria Vamvakinou. Please see link to Herald Sun Newspaper article below. I believe that Sydney and Melbourne are already over populated---soaring property prices --constant stress of house demolitions to make way for sub divisions and multiple occupancy and subsequent loss of heritage--increasing population density---increasing traffic---inadequate infrastructure ---threats to bio diversity and agricultural land near our capital cities caused by urban sprawl. It`s time to reduce the immigration rate. 200,000 pa is far too high. Tighten up the 457 Visa scheme ---which is also causing downward pressure on wages. Deteriorating quality of life and standard of living will result. We need controls over foreign ownership of Australian real estate. Allowing foreigners to purchase our real estate is outrageous. Please pass on this email and my concerns to the Joint Standing Committee on Migration. Sincerely. Geoff D-------------------------------------------- 10 MILLION CHINESE | Asian investment group CLSA presented research showing almost half of China’s 70 million wealthiest people wanted to emigrate, and 10 million had Australia in mind. “The top two reasons are clean environment and better education for their children,” senior analyst Andrew Johnston said. Who can blame people wanting to escape overpopulation, and subsequent environmental destruction? And its not just the Chinese... People all over the world are looking to escape overpopulation and its many other obvious symptoms, like war, famine and low wages. SPP is here to demonstrate that Australia is not a viable safety valve for the worlds overriding problem. 10 million Chinese buyers look to buy Australian homes TEN million wealthy Chinese want to move to Australia and the desire for an Aussie lifestyle is behind crowds buying in Melbourne’s most exclusive suburbs, experts say. heraldsun.au TEN million wealthy Chinese want to move to Australia and the desire for an Aussie lifestyle is behind crowds buying in Melbourne’s most exclusive suburbs, experts say. Suburbs close to private schools and the CBD were the most popular, with Toorak, Brighton, Hawthorn, Albert Park, Middle Park and Deepdene in high demand. And 36,000 new apartments bought by foreign investors are currently being built — more than half of them in Melbourne and some of them wholly bought by foreigners. A parliamentary inquiry is investigating foreign ownership of residential properties following concerns wealthy foreigners, particularly from China, are buying homes in Melbourne and Sydney and pricing out locals. First National Real Estate’s Stewart Bunn told yesterday’s hearing as many as a quarter of all home buyers in the top end of the Melbourne, Sydney and Queensland markets are mainland Chinese. Asian investment group CLSA presented research showing almost half of China’s 70 million wealthiest people wanted to emigrate, and 10 million had Australia in mind. “The top two reasons are clean environment and better education for their children,” senior analyst Andrew Johnston said. This intention and the belief Australian real estate brought big gains was driving investment which had boomed in the past two years, he said. There are no restrictions on foreigners investing in new homes in Australia, but they can only buy established homes if they have a valid visa. Once that expires, they have six months to sell. Those who had been found wrongly renting out Australian properties after returning home had been made to sell up but were allowed to keep their rental “windfall”. Mr Bunn said realtors felt some were lying about their visa circumstances when buying and regarded the potential $85,000 fine as “low risk”. But UBS Australia chief economist Scott Haslem said Australian first-home buyers in the market for new Melbourne and Sydney CBD apartments “must be” facing greater competitive pressure because of Asian buyers. [email protected]
Posted on: Tue, 02 Sep 2014 11:53:58 +0000
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