Chinese investors "with $1 million cash in suitcases" to buy Sydney property
March 6, 2015, 10:43 am
Jonathan Chancellor Property Observer
An estate agent describes what it's like to see $1 million in cash.
23 Post Comment
"Have you ever seen a $1 million in cash," a Sydney estate agent asked the quite surprised 2GB Money News broadcaster Ross Greenwood on his show last night.
"I can't think that I have," was Greenwood's reply.
"It's intoxicating, you can't keep your eye off it" the undisclosed agent advised.
The claim coincided with the unveiling of a federal government FIRB property buying consultation paper, with proposed measures designed to restore confidence in a foreign investment review system that had not prosecuted anyone for breaching the rules since 2006.
* Expert opinion: Are foreign buyers really buying up Australia?
* Also read: The top 10 property sales of the week from around Australia
* Also read: Foreign buyers to pay a fee of upto $10k for Aussie purchases
The agent said he came from an undisclosed suburb heavily populated by people of Chinese origin and also a destination for Chinese investors.
Property Observer gathers it maybe riverfront inner west Sydney.
"They come in weekly with literally suitcases with a $1 million, $2 million in cash," the agent told Greenwood, who had the agent's identity checked, but not revealed on air.
"The one thing they say is we don't need a bank, we can settle in two weeks."
Asked whether they were buying new or established homes the agent said: "Anything."
"It is happy days for me as I am an agent, but for my kids, your kids and the listener's kids, they have no hope."
Asked how they are getting around the rules, they responded with, "you don't have to worry about that".
Upon being questioned further given an agent's obligations regarding excessive cash transactions, the buyer told him the cash came from a camper van trailer factory back in China.
Ross Greenwood wondered how the money gets through Australian customs.
___________
Ross Greenwood wondered how the money gets through Australian customs.
What do YOU think?
Chân thành cám ơn Quý Anh Chị ghé thăm "conbenho Nguyễn Hoài Trang Blog".
Xin được lắng nghe ý kiến chia sẻ của Quý Anh Chị trực tiếp tại Diễn Đàn Paltalk: 1Latdo Tapdoan Vietgian CSVN Phanquoc Bannuoc .
Kính chúc Sức Khỏe Quý Anh Chị .
conbenho
Tiểu Muội quantu
Nguyễn Hoài Trang
07032015
___________
Cộng sản Việt Nam là TỘI ÁC
Bao che, dung dưỡng TỘI ÁC là ĐỒNG LÕA với TỘI ÁC
No comments:
Post a Comment