QLD Slow down in Chinese Economy affect on Brisbane High Chinese Buyer Suburbs

Discussion in 'Where to Buy' started by Propin, 3rd May, 2016.

Join Australia's most dynamic and respected property investment community
Tags:
Page 2 of 2
  1. Seal

    Seal Well-Known Member

    Joined:
    10th Jul, 2015
    Posts:
    262
    Location:
    NSW
    Seal, 9th May, 2016
    #21
  2. hpresident

    hpresident Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    136
    Location:
    Brisbane
    My understanding is that it is more difficult these days to get money out of china, but the amount of chinese becoming wealth and wanting to live in these suburbs still out outweighs the supply in these suburbs. As soon as they figure out a way to get money out, things would be back to normal or even hotter.
     
    hpresident, 9th May, 2016
    #22
  3. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    Oh yes... People are still trying to get their money out China...
     
    larrylarry, 9th May, 2016
    #23
  4. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    My Mum found it pretty straight forward to take money out of China - although she was just on holiday.
     
    Azazel, 9th May, 2016
    #24
  5. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    I think, taking out $50,000 in one go is difficult and multiple times a year.

    On Saturday, I received a call from a person who signed up to receive money from China...banks and police alerted...now investigation underway and he may be charged. I told that person to speak to a criminal lawyer. ;)
     
    larrylarry, 9th May, 2016
    #25
  6. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    Whoopsie daisy.
    Possible charges on this end or China end?
     
    Azazel, 9th May, 2016
    #26
  7. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    This end.
     
    larrylarry, 9th May, 2016
    #27
  8. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    Well, at least that's a bit less scary than on that end.
     
    Azazel, 9th May, 2016
    #28
    larrylarry likes this.
Page 2 of 2
Accountants - Washington Brown Values Your Time