Stop the Asian Invasion: Chinese Takeover of Australia - Politicians 4 Sale

[Br.IanVonTurpie]

https://www.dailymail.co.uk/news/article-6681717/Chinese-investors-snap-bargain-homes-Bill-Shorten.html

Labor's plan to slash negative gearing will result in thousands of Chinese investors  snapping up 'bargain' Australian homes, a property expert claims.

Labor leader Bill Shorten said tax breaks for negative gearing would be restricted to new homes and the discount halved if the ALP wins the federal election.

The existing policy gives housing investors a tax break if they make short-term losses on real estate investments, providing an incentive for property buyers who can thus sustain short-term losses for long-term profits.

A Labor reduction in the tax breaks meant there would be fewer local buyers in the real estate market, and the drop-off in demand could reduce house prices.

However, Douglas Driscoll, chief executive of Starr Partners, said any such price fall would make the local market more attractive to foreign investors.

'Labor's proposal will create opportunities for foreign buyers looking to capitalise on a "softer" market,' he told Daily Mail Australia.

'They are already seeing Australia as a bargain and I'm expecting to see this kind of investment gain further momentum this year

Labor is expected to win the upcoming federal election, and anticipation of the negative gearing changes had been cited as a factor in price downturns in the major markets of Sydney and Melbourne in recent months.

With prices dropping off record highs, foreign buyers - principally Chinese - were expected to come into the local market in big numbers

Just why are non residents being allowed to buy our property ?!?!?? Pushing the prices up for Australians displacing them?!

[Br.IanVonTurpie]

https://www.dailymail.co.uk/news/article-6727155/Chinese-buyers-snap-multi-million-dollar-homes-hours-Australian-property-market-crumbles.html


Fly-in, fly-out Chinese buyers are taking full advantage of plummeting house prices in Australia, spending $12 million on property in just 24 hours.

The houses, all located in Melbourne's affluent inner-city suburb of Kew, were snapped up by buyers keen to take advantage of the property slump and a favourable exchange rate between the Australian Dollar and Chinese Yuan.

In one instance, a Chinese buyer flew in from Macau in the morning and inspected and bought two neighbouring properties on Burke Rd for $7million before flying back out early the following day.
Kay and Burton Hawthorn's Rebecca Edwards was surprised by the sales, who said the Chinese New Year often brought a lot of talk and little action, Realestate.com.au reported.

However, due to the current slump in housing prices, Australia is now seen as a 'safe haven' by the Chinese and they're jumping back into the market in rapid numbers, she said

Properties 1207 and 1209 Burke Rd were scheduled to go to auction this weekend but their owners decided to take the early offer made by the Chinese buyers to avoid any uncertainty.

The buyers plan to relocate to Australia in around a year as they have children enrolled in the local Kew private school

Another home on Wimba Ave, Kew, was also sold to a buyer who lives in mainland China and flew in to Australia especially to inspect the home, which sold for about $5million.   

Some Chinese buyers are able to purchase properties as they have permanent residency in Australia, but many are living overseas.

It's also reported that buyers with temporary residency are working around being denied home loan by making multi-million dollar offers in cash.

Chinese buyers are increasingly turning to Melbourne for their potential new home as with more than half of their searches being conducted in the Victorian capital.

Prosperous suburbs such as Glen Waverley and Box Hill are among the most sought after

[Br.IanVonTurpie]

A shopper has filmed a baby formula 'syndicate' shamelessly abusing the two-tin limited

https://www.dailymail.co.uk/news/article-6873299/Brazen-baby-formula-syndicate-filmed-abusing-two-tin-rule-baffled-witness-watches-on.html

A woman shopping at Coles in Hurstville, 16km south of Sydney, said she recently saw a group of around 10 people repeatedly purchasing tins of baby formula from the store.

https://videos.dailymail.co.uk/video/mol/2019/04/01/3464172961549235955/1024x576_MP4_3464172961549235955.mp4

The newly emerged footage sees a male and female deposit what appears to be tins of baby formula into bags parked just metres from the supermarket's doors

In the clip obtained by 2GB, the pair are then seen walking back inside the store to continue shopping.

A female bystander appears to be particularly angered by what she's seen, and can be heard hurling abuse and members of the 'syndicate

'Yeah run, run,' she says.

Alex, who filmed the shocking incident, told the radio show the group had 'no shame

'They had no shame, the staff knew and just kept telling them they had to be three metres away from the store.

'There was two registers full of these people having these products in their hands and no one pulling them up,' she added.

A image, which is thought to have been taken at the same incident as the video, sees a line of people queuing up to buy baby formula

statement issued by Coles says the store is working with suppliers to find a solution to improve availability.

'Coles is committed to ensuring our customers have access to infant formula and as a result we are limiting sales quantities to two units per customer,' it said.

'We are working with our suppliers on solutions to improve availability for customers.

'Where formula is unavailable, we encourage customers to speak with their local store manager,' the statement concluded.

The two-tin limited was originally implemented to prevent people from bulk buying formula to sell onto China

There is no place safe from the "human insects" who rape everything like an insect plague to take back to their hive in Asia!

[Br.IanVonTurpie]

https://www.dailymail.co.uk/news/article-6912025/Woman-thrown-pub-test-former-PM-Abbott-says-immigration-sending-house-prices-up.html

A young woman was kicked out of an election forum after former prime minister Tony Abbott blamed the rising cost of living and low wages on immigration.

More than a hundred residents of Sydney's affluent northern beaches packed into Harbord Beach Hotel in Freshwater during Sky News' pub test on Thursday night.

Local voters were given the opportunity to question Warringah candidates including Mr Abbot, Greens member Kristyn Glanville and United Australia Party's Suellen Wrightson.

The final question of the evening drew a mixed response from the audience as a young man asked about housing affordability and the rising cost of living on the northern beaches.

'In the end the best thing a government can do is provide an economy that's strong ... a strong economy maximises job opportunities,' Mr Abbott answered

'You know what's depressing wages at the moment? You know what's sending house prices and rent up? It's immigration.'

The former prime minister was met with a mix of jeers and groans when Katherine Quirk yelling from the crowd: 'Oh f**k off! You're a migrant, Tony!'

Mr Abbott was born in London, England, and came to Australia in 1960 when he was just two years old, sailing into Australia on the Assisted Passage Migration Scheme ship SS Oronsay before the family settled in Sydney's north.

The young woman, studying a Masters of International Relations majoring in environmental politics, was quickly told to be quiet by security before she was ushered out of the venue

Ms Quirk was in line to ask the panel a question as she had an interest in Mr Abbott's stance on the Paris Climate Agreement, the beaches tunnel and the commitment to electric cars.

'Since the federal election was just called today and is being dubbed ''the climate election'' and we have school students in the electorate who are not even eligible to vote striking, I was really interested in local policy aligning with all these matters,' she told Daily Mail Australia.

Despite desperately wanting to ask a question, Ms Quirk was told she wasn't registered and therefore wasn't allowed before she was eventually cleared to go before the panel and joined the line

Cashed up Curries and Chinks are too hard to compete with and Sydney is already a "rat race". Who wants to work harder to afford a house there? You'd never pay it off!
Abbot knows the score. He also wants to clean the Boongs up and keep them busy!

[Br.IanVonTurpie]

https://www.dailymail.co.uk/news/article-6919051/European-English-speaking-migrants-immigration-cuts.html

European and English-speaking migrants are more likely to back immigration cuts as they fear Australia is losing its cultural identity

Migrants from these nations are less likely to support those born in other countries, with 58 per cent agreeing immigration should be cut, a survey by the Australian Population Research Institute has found.

However, two-thirds of Asian migrants favour an increase in migrant numbers and disagree with the idea that Australia's identity is disappearing
Report authors Dr Bob Birrell and Dr Katharine Betts also found non-graduates are more likely to support the cuts compared to university graduates.

There were 67 per cent of graduates who supported an increase in immigration.

Dr Birrell and Dr Betts told the Herald Sun that second-generation migrants are more skeptical about immigration

These migrants have become an important part of a voter base worried about immigration,' they said.

However the survey also found that 58 per cent of Australian-born individuals agreed Australia was in danger of losing its identity and 47 per cent of voters supported 'a partial ban' on Muslim immigration

[Br.IanVonTurpie]

https://www.dailymail.co.uk/news/article-6897495/Chinas-giant-threat-Australia-jobs-go.html

Kimberly-Clark announced it was shutting down its Huggies facility in Ingleburn, New South Wales

The company will move production of nappies and pants over to Asia - resulting in a loss of 220 jobs

Western Australia's steel manufacturing has also shrunk due to outsourcing from Malaysia and China

Tradies fear the next generation will struggle to find jobs and won't be able to inherit highly-specialised skills

Australia's manufacturing makes up less than ten per cent of the country's GDP

Factory workers across Australia fear their jobs could be the next to go overseas following nappy company Huggies' decision to move production offshore.

Parent company Kimberly-Clark Australia announced last week it will be shutting down its Ingleburn mill by the end of July which is expected to result in a loss of 220 jobs.

The company, which also has a facility in South Australia, revealed it is moving to Asia to enable 'faster access to the latest research and engineering advancements in nappies and pants'.   

The move makes Huggies the latest Australian-based manufacturer to take its business offshore in what appears to be a growing trend among companies aiming to lower production costs.   

Electrical engineer Martin Cordina, 43, who works at Powered Innovations in Wetherill Park, NSW, told Daily Mail Australia that the industry's move overseas has affected job security among tradies, budding apprentices, and has even altered the quality of goods.   

'Huggies excuse was due to "research and development," but it's a nappy company. It doesn't matter where the nappy is made, it's the same technology, so it's just an excuse for cheaper manufacturing to make more profit because the labour costs are too high here,' he said.

Mr Cordina, who has worked in the industry for 27 years, has witnessed manufacturing transform into a dying trade, including at the printing company where he completed his apprenticeship - and no longer exists.

The Sydney tradesman fears the next generation will not only struggle to find jobs, but will also not be able to inherit highly-specialised skills

'Not only do we give away the product [overseas] but we give away the knowledge and expertise,' he said.

'It's a worry because we have to think a generation ahead. Not only do we have to think about people now - our friends, our colleagues - but we have to think about our children.

'Are they going to be in a position to have jobs? They can go to university to get an education, but what will they use it for? Besides IT and warehouses, there will be no manufacturing, or very little.

'I think companies need to have some degree of blame because they're the ones wanting to make the same amount of profit, or greater, at the expense of the employees. The Government is also to blame because they're allowing this practice to happen.

Mr Cordina said the issue has influenced how he'll vote in the federal election, but admits he does not think Liberal or Labor are well-suited to tackle the problem. 

'It's very disappointing. I'm upset... I'm angry, because not only are we sacrificing the standard of products but also safety.

'The products that come from overseas are copies, but they're bad copies, so someone's safety can be at risk.'

Huggies' departure is part of the US corporation's 'global restructuring program' and comes four months after it announced it would slash 5,500 jobs globally over the next three years.

Specifics over which facilities would shut were not disclosed, but union reps and workers said the Sydney mill closure 'came out of left field' and that there was 'no indication' it was heading in that direction. 

The corporation said it would continue operations at its Millicent Mill in SA where it currently employs 400 workers.

The move is reminiscent of that of Australian-based Pacific Brands Underwear Group, also known as Bonds, which moved production to China in 2009. 

Bonds' closure led to a loss of 1,850 jobs across New South Wales and Victoria.

Carl Drieman, a machine operator from Sydney, had been making mattress springs at Pacific Brands for 18 years when he was suddenly laid off due to the business decision.

Pacific Brands beds and mattresses are still produced locally but the metal springs are manufactured in China.

'It is a concern. If manufacturing goes offshore then there are less jobs. In our factory there were maybe 15 people, but all the wire we used came from Newcastle so those people were also affected.

'It's disappointing. Fewer manufacturing jobs means a lot more people are competing for jobs and that drives wages down. So even if you do get a job, the pay is not gonna be as good,' he said.

Mr Drieman now works at recycling facility Direct Pallets, where he manufactures mulch and other wood-based products and thanks to the niche market, he believes his job is secure.