Post to SinFongChanRE.Wixsite.com on 5/4/2018 8:20 AM
Commenting on “Construction of 10,000 apartments in Brisbane indefinitely deferred”
https://www.domain.com.au/news/construction-of-10000-apartments-in-brisbane-indefinitely-deferred-bis-oxford-20180404-h0yc1t/
Real estate is not a consumable product, and I am glad to see that foreigners are not allowed to buy up and speculate for future growth.
Unlike a consumable product, once bought and used, another may be required and does create another sale for the benefit of the supplier of product. Real estate investor can hold the product, and thus creates scarcity, thus bumping up the price.
Foreign investment is an important evil, but using our own scarce resource to make money out of our people is not something I can see eye-to-eye with. By that I mean, most foreign investors are not owner occupiers, and the properties are let out to local residents/tenants.
Queensland is an interesting state in terms of tourism and investment opportunities. Since I am Melbourne base, I reserve my comments.
Thank you for reading.
Commenting on “Construction of 10,000 apartments in Brisbane indefinitely deferred”
https://www.domain.com.au/news/construction-of-10000-apartments-in-brisbane-indefinitely-deferred-bis-oxford-20180404-h0yc1t/
Real estate is not a consumable product, and I am glad to see that foreigners are not allowed to buy up and speculate for future growth.
Unlike a consumable product, once bought and used, another may be required and does create another sale for the benefit of the supplier of product. Real estate investor can hold the product, and thus creates scarcity, thus bumping up the price.
Foreign investment is an important evil, but using our own scarce resource to make money out of our people is not something I can see eye-to-eye with. By that I mean, most foreign investors are not owner occupiers, and the properties are let out to local residents/tenants.
Queensland is an interesting state in terms of tourism and investment opportunities. Since I am Melbourne base, I reserve my comments.
Thank you for reading.
