It seems that it's Australia's lifestyle and
potential profits are the main reasons why
Chinese investors are looking for houses in
Australia. And even though we're told that Australia's
property market is booming, prices were "inexpensive"
compared to Chinese big cities.

The price of a small house in Melbourne could be
equal to that of an apartment in Beijing.
The living environment in Australia is much better than
in China. Also the Chinese value education and want
their children to complete higher education. They feel
that if they buy a house in which their children can stay
whilst studying here, they will have a greater chance
of being allowed to stay in the country.

If the covert, very devious machinations to land-bank and hide massive amounts of money here is any guide, one would hope that the feds would be more interested than they are in the sources of the money and the character of those who are behind it (and are so difficult to identify).

Political pragmatism is never in short supply in Canberra.

As for citizenship, the goal is to find the most convenient base as and if required, with freeps health and so on. Maybe some sense of Oz as 'home' might develop over time, but that is not guaranteed by any means. Any stats anywhere of how many get citizenship then jet off back home or elsewhere in the world?

News reports tell us that a bank is offering its
customers no-deposit home loans so they can invest in
new apartments in Melbourne and the Gold Coast.

You wouldn't believe it but it's true. It's just that
this offer is not available to Australians.

A Chinese bank reportedly counted potential investors
by offering the deal at a conference in Shanghai last
week.

Dear Foxy,

Australia's politicians and business leaders have been selling off Australia to China since Bob Hawke came to power: the politicians for the revenue and the business leaders for the profits. Australia will soon become a Sino-Australian nation so people are just going to have to get used to a predominantly Chinese Australia or find some place to migrate to if they don't want to be part of it.

Bob Hawke is pushing every button to have South Australia as the nuke waste dump of the world.

Said Hawke "This is what my Chinese friends call the win/win situation".

Hey, might as well sell them SA as well Bob. No, wait a bit, that might make them responsible for those nuke dumps. Tears swelling in Bob's eyes at the thought. Munches cigar.

OK, so the deal is that those dumb Skippies are responsible for the waste and China gets the Sydney harbour fronts and fertile mega-acreage way away from those nukes.

Bob Hawke always said and still does that he is a Fabian and so very, very 'Progressive'. Yay for those 'useful idiots', eh Bob?

Dear Rehctub,

<<So what you are all suggesting is that half a million of inheritance per sibling is not enough. Why?>>

Because this money was already taxed when earned, in some countries and until the 1980's even here incurring >50% tax. If a certain static sum of money passes on as security for 100 generations, are you suggesting that Australia may tax it 100 more times? Even when the original sum was earned outside Australia or long before Australia even existed?

The person(s) who happen to receive the sum may only be trustees for the family's wealth and never use it themselves. That wealth could be intended to secure the family indefinitely for many generations to come, so they never have to depend and fall on states and tax-payers if they fall ill or have an accident. What right have you to touch that money only because its trustee(s) happen to live in Australia?