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cuppa

7,785 Posts.

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25/03/19

15:57

Post #: 37876184
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Originally posted by kingpins: ↑

Hi Cuppa

But the problem with overseas purchasers is that they create a false market and the property prices go much higher than the Australian economy would have put them

All commodities have a natural rise and fall which has the effect of keeping a stable market, but when a government or other influential body manipulate the market for the purpose of power and votes it will eventually fall apart

Look at Greece which although already a basket case was sent to the wall purely due to the over stimulated property market, specifically from the Chinese

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Kingpins,I thought I got that point across,but maybe not.I agree with you 100%.
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