Question for Chinese Buyers

Discussion in 'What to buy' started by Bookworm99, 12th Aug, 2019.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Bookworm99

    Bookworm99 Member

    Joined:
    28th Jul, 2019
    Posts:
    12
    Location:
    Melbourne
    Question for Chinese Buyers only: If there are 4 properties in a chinese population dominated suburb, which of these properties will you choose:
    Property A with a number 4 or 14 or 24
    Property B with a sloping down land (higher at the front and lower at the back)
    Property C with a light pole right in front of the property on the nature strip
    Property D with its land being wider at front and narrower at back

    Give me some opinion,so arrange in order from most desirable to least desirable (For example: C-B-D-A with C being most desirable)

    Thank everybody.
     
  2. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,504
    Location:
    Sydney
    None of the above. Hate the suburb. Prefer a area where the growth and school opportunities are best.
     
    Kookaburra likes this.
  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
    Posts:
    41,943
    Location:
    Australia wide
    What's your definition of 'chinese'?
     
  4. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,504
    Location:
    Sydney
    Scott No Mates likes this.
  5. Bookworm99

    Bookworm99 Member

    Joined:
    28th Jul, 2019
    Posts:
    12
    Location:
    Melbourne
    A person of chinese background
     
  6. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,229
    Location:
    Sydney or NSW or Australia
  7. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
    Posts:
    41,943
    Location:
    Australia wide
    Not much help. Does that include Uigher, vietnamese, Philippino Australia s defended from Chinese immigrants 200 years ago?

    If so what is the point?
     
  8. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,504
    Location:
    Sydney
    LOL - Here is a chinese buyer -

     
    TMNT and Terry_w like this.
  9. truong

    truong Well-Known Member

    Joined:
    10th Jan, 2016
    Posts:
    276
    Location:
    Everywhere
    My wife is Chinese. According to her:

    A. To be disregarded. No meaning whatsoever in fengshui.
    B. House must be higher than street, essential for someone looking to make progress in society. Not a problem if looking for a quiet, retired life.
    C. Only a problem if pole is right in front of the main entrance.
    D. Old age could be less auspicious. Only a problem if you intend to live there until later in life.

    In summary A-C-D-B.

    However I have no idea if her views are widely shared among other Chinese people. FYI our home has got both A and C but it has brought us a lot of happiness over the last 18 years:).
     
    Dean Collins and R.C. like this.
  10. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,058
    Location:
    Vaucluse, Sydney.
    Hopefully kept you cool too.
     
    Dean Collins, lmac and Codie like this.
  11. TheSackedWiggle

    TheSackedWiggle Well-Known Member

    Joined:
    28th Jun, 2015
    Posts:
    1,826
    Location:
    canberra
    upload_2019-8-12_21-25-1.png
     
    TMNT and Terry_w like this.
  12. thatbum

    thatbum Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,837
    Location:
    Perth, WA
    I'm a chinese buyer. I would give no s**** about any of those things.
     
  13. bmc

    bmc Well-Known Member

    Joined:
    18th Oct, 2015
    Posts:
    1,123
    Location:
    Sydney
    Property C with a light pole right in front of the property on the nature strip

    what about a pole in the bedroom ?
     
    S.T, Codie and Terry_w like this.
  14. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,229
    Location:
    Sydney or NSW or Australia
    You'd be getting splinters in places I dare not imagine. :eek:
     
    Marg4000 and Sackie like this.
  15. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    6,675
    Location:
    Mt Druuiitt
  16. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,058
    Location:
    Vaucluse, Sydney.
    There. Fixed,
     
    Scott No Mates and datto like this.
  17. bmc

    bmc Well-Known Member

    Joined:
    18th Oct, 2015
    Posts:
    1,123
    Location:
    Sydney
    Question for Mt Druitt Anglo Buyers only: If there are 4 properties in a houso population dominated suburb, which of these properties will you choose:
    Property A with a number 69
    Property B with a sloping down land (so you can see your crops in the backyard)
    Property C with a light pole right in front of the property so you can tap into and bypass the meter
    Property D with its land being wider at front and narrower at back so you can fit heaps of unregistered cars in the front

    Give me some opinion,so arrange in order from most desirable to least desirable (For example: C-B-D-A with C being most desirable)

    Thank everybody.
     
    Pattsy, BPhil, Kookaburra and 5 others like this.
  18. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,663
    Location:
    Sydney
    Go for the one with S-A-M-O-A written on it.....:D ....

    Geez...mate....who gives toss about Chinese buyers.......they are not going to be main buyers in the future have a look at immigration numbers...more from Indonesia...India...other Southeast Asia/South Asia and UK....
     
    TMNT and datto like this.
  19. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,229
    Location:
    Sydney or NSW or Australia
    You forgot:
    E: In a dead end street & beside a walkway (yes, these are valid choices for easy exit - just ask any taxi driver who's had a runner)
    F: Near an underpass walkway
    G: Erskine Park, St Marys, Dhurruk, Doonie - anywhere but the dreaded

    GEDBAFC - you don't want extra lights in front of the house (deals go down better in the dark near a laneway :oops:).
     
    Last edited: 12th Aug, 2019
    TMNT and bmc like this.
  20. lmac

    lmac Active Member

    Joined:
    29th Jun, 2019
    Posts:
    36
    Location:
    Brisbane
    This thread has been a fun read. I worked with a bloke from the Mt Druitt while I was in Sydney last and he had some home town stories that made my drill spin... What a place ;)

    OP If you're strategy is to target cashed up foreigners and aquire properties inline with their desires/culture it might be worth considering what the cashed up foreign buyer of the future looks like for this strategy. Thanks to Govt intervention much less investment capital is flying out of mainland China right now. Maybe that relaxes in the future or maybe it becomes tighter still. Some food for thought.