Quote:
Originally Posted by Nikolas
Negative gearing is not the reason property values are up, cashed up Chinese investors, who are not even citizens have smashed the property market, especially in the metropolitan areas.
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Well, at the least money is flowing into the country and not out of it, for a change.
The more money people have to spend, from the sale of their property, the more it remains in circulation. If I could sell my property to a cashed up Chinese investor, I would build a smaller place and buy a new car, from the extra capital that I would have realised.