Selling properties to foreign investors is giving Australian money away, at least, future money. The Australian Government and economists are apparently not …show more content…
It is a low enough number that it is hard to blame them for the price rises.
Economist Lindsay David of LF Economics also feels relaxed on the issue. “House prices in Australia are dependent on debt growth, and if there’s no credit [bank credit] out there, house prices will begin to fall,” he argues, expressing that house price rises are uncorrelated to foreign investments.
This can also be related to Animal Farm; Squealer announced, “every class of foodstuff had increased by two hundred percent.” The Government and experts should carefully observe difficulties from different perspectives in a variety of groups, deeply think and resolve the problem.
In 2008, farming lands that were the size of the state Kentucky owned by S. Kidman & Co had almost been sold to Chinese investors. However, the government blocked the sale. The massive 11-million-hectare of land would’ve crippled Australian food supply and significantly increased cost if sold. So why is it suddenly okay now to sell farmland to such large extents