Gday Ben
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The threat of Chinese ownership of rural properties is overblown. It will ebb and flow with crop prices.
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I think that prices dont come into it in many cases.
The chinese upper middle class ( probably bigger than the whole Aust population ) are willing to pay way more than us for "clean green" produce. By owning the farms ( very specific high value ones ), you will soon see that the crops from these will never touch the Aust market. It will be exported direct and we will lose out on all fronts, as the value add will go to the owners.
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Go to an auction in the inner east from Balwyn to Glen Waverley (an expensive part of the city), and you could well be in Singapore.
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You mean Shanghai
I have lived in that area ( inner east ) for 25 years and it has changed dramatically.
Some real estate agents now have 90% chinese staff and brochures with no english in them at all. One reason i was told they buy in this region ( other than good capital appreciation ) is it gets a place at one of the good schools, and they will spend what is required on a house to get that spot for their kids.
Andrew