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RE: House prices are rising in Brisbane ...... marvellous news for home owners but tough for buyers.
Howdy today angiemitchell! whoa! a million dollars for an average home? Who is buying so much there, wealthy foreigners coming in?
Hi janton, they are mainly Chinese buyers who do not live here. Us Australians do not understand why it is allowed. It is such a shame because the everyday young Australian couple struggle with paying so much.
Yes I hear the same thing about almost every nice country, the Chinese come in and start buying all the nice real estate and prices sky rocket. They really shouldn't let foreigner's come in and buy houses like that, some countries don't allow that and their markets are more reasonable and stable.
I can only agree and wish there were stronger guidelines put into place.
Maybe eventually they will because they have to see what it's doing to native buyers. Sounds like an issue that a politician could run on!
Can only hope janton.