澳洲Australia property International Chinese buying property in


在澳大利亚 I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo


I live in Glen Waverley, I see a lot of the International Chinese buying most of the houses in glen waverley just wondering where they have make all that money from to buy house for million, I didn't think China paid all that well over there?  

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flatlinerz said: ↑
I live in Glen Waverley, I see a lot of the International Chinese buying most of the houses in glen waverley just wondering where they have make all that money from to buy house for million, I didn't think China paid all that well over there?Click to expand...
Why do you feel the need to question where they "make all that money from?" :confused:
Australian-born Chinese borrow the money from the bank the same as Australian-born Europeans, and Australian-born Greeks etc.

Are these International Chinese cash buyers? Perhaps they borrowed from their Bank of China? Perhaps they are the head of a Chinese corporation? Do you know how many Chinese millionaires there are?

According to an estimate I read recently there are over 875,000 people in China whose net worth is over $1.46 million and 51,000 people with a net worth higher than $14.64 million.  

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How do you know they're international chinese and not chinese australians?

From what I understand, they don't have much of a middle class there. Majority may be poor but the few who happen to own the factories, workshops or other businesses have tons of money.

Also, some asian cultures are terrified of debt and pool all the families money together when buying a house. Or at least all have jobs and all contribute to paying it off quickly - ones in our street do this. They then do the same for the next person in the house who is ready to get married/move out.  

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flatlinerz said: ↑
I didn't think China paid all that well over there?Click to expand...
Are you sure they're all mainlanders? I think there are a lot of people from HK and Taiwanese there too.

It is not just down to the having the money available - they are willing to pay really big for their kid's academic success (i.e. for anything in the GWSC zone)

The Y-man  

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jerry brown said: ↑
Where you were read this stuff, share the URL i want to read it,Click to expand...
I read a lot of stuff Jerry, I can't recall, but if you google: "how many millionaires in china" there's over 1,000,000 threads on the subject that should give you some reading material. ;)  

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what a classic question.
i think china must have doctors, lawyers, business ment etc. There all not ploughing the fields or sowing clothes!!!!  

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Yes and we don't want immigration and a population increase. We don't want people who have money and are hard working. So who will pay the required taxes for our ever expanding retirement population?? Do we seriously think most people's Super will do this?  

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the same applies to Indian business Migrants, maybe not to the extent of Chinese/Taiwanese/HK..  

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flatlinerz said: ↑
I live in Glen Waverley, I see a lot of the International Chinese buying most of the houses in glen waverley just wondering where they have make all that money from to buy house for million, I didn't think China paid all that well over there?Click to expand...
glen waverley has a good secondary school. would most likely be the 2nd balwyn in the coming years. As for china, guess you haven't been reading the news about its growth. they had the highest increase in millionaires in the world although having just come back from there, wouldn't trade anything to live in melbourne. Wish i had a place in glen waverley.  

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Melbournian said: ↑
they had the highest increase in millionaires in the world although having just come back from there, wouldn't trade anything to live in melbourne. Wish i had a place in glen waverley.Click to expand...
Would or wouldn't trade anything. I am not sure if you would prefer to live in Glen Waverley or China.............I have not been to China (Hong Kong - dont count) but i have been to Glen Waverley.  

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toony said: ↑
Would or wouldn't trade anything. I am not sure if you would prefer to live in Glen Waverley or China.............I have not been to China (Hong Kong - dont count) but i have been to Glen Waverley.Click to expand...
I lived in China (Nantong) for 2yrs. 2001 thru 2003
Absolutely FANTASTIC place. I loved it.

I used to live in Rowville, not glen Waverley, but close :). I live in Brisbane now.

All that said, moving back to China wouldn't phase me too much. I prefer Australia, but China..... what a place.

BTW I'm white Australian, born in Brisbane. Just wanting to clarify incase some think I'm Australian born Chinese.  

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flatlinerz said: ↑
I live in Glen Waverley, I see a lot of the International Chinese buying most of the houses in glen waverley just wondering where they have make all that money from to buy house for million, I didn't think China paid all that well over there?Click to expand...
I reckon they stole it LOL ?!?!!  

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The Y-man said: ↑
Are you sure they're all mainlanders? I think there are a lot of people from HK and Taiwanese there too.

It is not just down to the having the money available - they are willing to pay really big for their kid's academic success (i.e. for anything in the GWSC zone)

The Y-manClick to expand...
Some mainlanders are real easy to spot. They simply hock and spit everywhere :D  

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In HK two weeks ago, Heaps of advertisements everywhere for Australian property, even on the back of a bus in Macao.  

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