Stuff Sydney Go china?

Discussion in 'Where to Buy' started by einentiva, 26th Oct, 2017.

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

    einentiva Well-Known Member

    Joined:
    6th Jun, 2017
    Posts:
    54
    Location:
    Maroubra
    From all account i have heard on the news Sydney real estate has topped.
    Chinas GDP growth still at a whopping 6.7% per annum. Tremendous gains according to all my relos over the last 10-15 years? Is it time to sell my ips here and invest in Shanghai Beijing and Guangzhou? I know a lot of PCers here are chinese. What are your thoughts??
     
  2. Rocky

    Rocky Active Member

    Joined:
    26th May, 2017
    Posts:
    39
    Location:
    Pilbara
    What about a unit in an unborn / ghost city?
     
  3. einentiva

    einentiva Well-Known Member

    Joined:
    6th Jun, 2017
    Posts:
    54
    Location:
    Maroubra
    still better than sydney maybe lolz
     
  4. jaybean

    jaybean Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    4,752
    Location:
    Here!
    No way I’d risk more than a few bucks in a country that’s so, so far from legal / economic / political / cultural maturity. Quite unsurprisingly, gutting your country of intellectuals for decades tends to plunge your country into darkness. If you want to invest in “China” invest in Hong Kong. There’s a reason why anyone who can afford to will try to get themselves and / or their money out of there.
     
    Last edited: 26th Oct, 2017
  5. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,034
    Location:
    Vaucluse, Sydney.
    We did the opposite. We've made some significant gains in our Guangzhou and Shanghai properties over the last 5 years and not long ago sold off some of our assets in China to invest in Australia.
     
  6. einentiva

    einentiva Well-Known Member

    Joined:
    6th Jun, 2017
    Posts:
    54
    Location:
    Maroubra
    hmm yeah from what i hear the growth was crazy like 1000% over 10 years?
    maybe i have missed the boat damn but i guess Sydney didnt do too badly maybe about 125% over 10 years. Peanuts in comparison though wish i invested in china instead i could buy mansion in rose bay now lolz
     
  7. Ouchmyknees

    Ouchmyknees Well-Known Member

    Joined:
    30th Aug, 2016
    Posts:
    348
    Location:
    VIC
    No, foreign property purchase is restricted in China(ironically). From affordability perspective a one-bedder in a nice location in one of the big cities in China is around the same price of a four bedder in inner suburb of Melbourne.
     
    Eric Wu likes this.
  8. Eric Wu

    Eric Wu Well-Known Member Business Member

    Joined:
    8th Oct, 2016
    Posts:
    1,603
    Location:
    Australia
    so true
     
  9. redsato

    redsato New Member

    Joined:
    7th May, 2016
    Posts:
    4
    Location:
    Melbourne
    For those Aussies who are toying with the idea of buying IPs in China, there is no law prohibiting a foreigner from owning a property there, but the fact is you will never be able to do it in reality as the bureaucracy will forever keep you far far away from achieving it. There is an American youtuber called "Laowhy86" who lives in China he talks about this in one of his videos. He ended up having his Chinese's wife's name on the title as the sole owner when he was the one who paid for it
     
  10. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,034
    Location:
    Vaucluse, Sydney.
    If she is his wife, then they paid for it, not just him. There is no his or her money once your married.
     
    Scott No Mates likes this.
  11. redsato

    redsato New Member

    Joined:
    7th May, 2016
    Posts:
    4
    Location:
    Melbourne
    Don't know if the divorce court will grant him half the ownership if they really divorce one day given that he is a foreigner. Things are more vague over there.
     
  12. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,034
    Location:
    Vaucluse, Sydney.
    Yes true, I was more coming from an Australian perspective. But I agree with you its a lot easier to be able to purchase real estate there if your partner is a native. In China, 'connections' or as they call it 'Guanxi' is still very valuable. My partner needed to renew an important document which required her to be in China and jump through a few hoops since she's been away for some years. But her family had connections with the local police... was all sorted in 3 days and she didn't need to leave Aussie soil.
     
  13. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,095
    Location:
    Sydney or NSW or Australia
    Unlike the US where you must be on American soil to Lodge some paperwork - colleague had to go to Hawaii to lodge dual citizenship application.
     
  14. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,034
    Location:
    Vaucluse, Sydney.
    Yeah definitely a pain to have to go all the way to Hawaii. ...

    We had to get this document done otherwise when her family pass away it would be a very long, difficult and costly process to receive their assets.
     
  15. Phantom

    Phantom Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    2,054
    Location:
    Sydney
    You call that a pain....I call that a holiday. :D
     
    pommy likes this.
  16. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,034
    Location:
    Vaucluse, Sydney.
    touché :p
     
  17. Redom

    Redom Mortgage Broker Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    4,607
    Location:
    Sydney (Australia Wide)
    There's more and more talk of looking at other country property now, i assume partly due to the rate environment in Aus (macro rate rises should mean property as an asset class doesn't perform as well as it once has done).

    Most of the world is in a similar rate environment, with a few exceptions here and there. Definitely worthwhile exploring, especially for cash investors that don't need finance/leverage.

    Not sure if China is the place to put the eggs though. Capital controls are a bit of worry too (taking money out!).
     
  18. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,604
    Location:
    Sydney
    Personally ...any idiot who puts money into China are just that idiots.....there is no rule of law like Australia...I would rather stick to Australia.

    Besides....the growing bubble in China is a serious concern compared to average earnings...reminds of Japan in the 80s....
     
  19. spoon

    spoon Well-Known Member

    Joined:
    17th Nov, 2016
    Posts:
    1,762
    Location:
    Time-dependent
    Wait until the transaction is completed, how long his wife still his... So will be his property...
     
  20. Citycat88

    Citycat88 Well-Known Member

    Joined:
    18th Jun, 2016
    Posts:
    128
    Location:
    Perth
    Laowhy86 also posted a YouTube video of how he regretted buying his property in China.