gobbledonk Posted March 7, 2014 Report Share Posted March 7, 2014 http://www.smh.com.au/business/property/locals-priced-out-by-24b-chinese-property-splurge-20140305-346hd.html (Cant paste the story - dont know if its this version of IE but have had massive problems with the T360 text editor and none with the Thaivisa editor.) Long story short, the Chinese are flocking to Oz - particularly Sydney - both for investment and to live here. I dont know how 26bn AUD compares to the money they spend in Thailand, but Chinese developers are making a killing in Sydney selling off the plan. Many of the sales displays appear to have signage that is almost entirely in Chinese and the apartments are being pitched exclusively to Chinese. Overseas investors are guaranteed a visa if they are willing to invest 5 million AUD in the country - if they maintain that investment over 4 years, they get residency. http://www.brw.com.au/p/business/australia_first_visa_investor_gets_h4yBaQxYLSb1unHXPFxVBP Personally, I think it's inevitable given our geography that more Aussie kids will have Asian faces - Pauline Hanson's worst nightmare realised. Now if we can just find an island for the white trash that are holding the rest of us back http://www.dailytelegraph.com.au/news/nsw/gina-rinehart-hits-out-at-welfare-recipients-and-the-left-for-dragging-australia-into-debt/story-fni0cx12-1226847448435 Gina, I couldn't get drunk enough and - even then - you couldn't pay me enough. Your dad wasnt far off when he christened you his 'little elephant'. Link to comment Share on other sites More sharing options...
bust Posted March 7, 2014 Report Share Posted March 7, 2014 Got to admit it feels quiet bizzare being a 5th generation Aussie, but a minority in my own country. Link to comment Share on other sites More sharing options...
gobbledonk Posted March 8, 2014 Author Report Share Posted March 8, 2014 Got to admit it feels quiet bizzare being a 5th generation Aussie, but a minority in my own country. I felt that way in Sydney in 1985, but it's the exact opposite out here in the bush. If anything, its a little *too* Anglo-Celtic for my liking Link to comment Share on other sites More sharing options...
Flashermac Posted March 8, 2014 Report Share Posted March 8, 2014 I'm a 10th generation North American on my father's side, but I'm a minority in plenty of places in the USA these days. As a heterosexual white male, I am probably even more of a minority in cities like San Francisco. p.s. In the 1980s, the Japanese seemed to be buying up the US. Then the yen crashed and it stopped. Expect the same thing when China's economy flip flops. Link to comment Share on other sites More sharing options...
bust Posted March 8, 2014 Report Share Posted March 8, 2014 . As a heterosexual white male, So what you are saying is there are no truth in all those rumours? Link to comment Share on other sites More sharing options...
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