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Visa for the wealthy fuels house price fears

16 October 2014

The Age 16 Oct 2014 Agnes King, Su-Lin Tan and Lisa Murray Advisers have cheered the creation of a $15 million fast track to permanent residency for wealthy foreigners, in a move by the Abbott government to harness Asia’s wealth to boost economic growth and job creation. But the move has also sparked concerns much […]

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Posted in Daily News, News

One in six homes bought by foreigners

16 October 2014

Foreign buyers are flocking to buy Australian property, snapping up one out of every six new homes – and that number is set to get higher. Foreign demand for new homes surged in the September quarter and is tipped to rise further next year, according to the National Australia Bank’s latest residential property survey Click […]

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Posted in Daily News, News

Australia’s millionaire boom explained in four charts

15 October 2014

Does it surprise you to hear Australia has more than 1.2 million millionaires? If it does, just think about how much we invest in housing. Australia also has the highest median wealth in the world, with household wealth growing at an average annual pace of 11 per cent, according to a new Global Wealth Report […]

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Posted in Daily News, News

Property makes Australians the world’s richest, says Credit Suisse

15 October 2014

The Age 15 OCT 2014 Patrick Commings Thanks to their houses, Australians are the richest people in the world, according to the investment bank Credit Suisse. The fifth annual study by the Swiss bank of global wealth trends found the median Australian adult was worth more than $US225,000 ($258,000) in June, well ahead of the […]

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Posted in Daily News, News

Australia to ease immigration rules for millionaire investors

14 October 2014

Free Malaysia Today 14 Oct 2014 Australia on Tuesday took steps to boost a visa scheme aimed at luring investment from wealthy Chinese, including speeding up approvals and expanding investment avenues, after complaints that disclosure requirements were too strict. The two-year old Significant Investor Visa scheme offers residency to overseas ind [...]

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Posted in Daily News, News

Shares facing ‘violent’ crash, Australian dollar too high, says RBA official

14 October 2014

The Age Mark Mulligan 14 Oct 2014 Reserve Bank assistant governor Guy Debelle has warned against a ‘violent’ market crash while reiterating the Australian dollar is overvalued. Speaking at the Citi Annual Australian and New Zealand investment conference in Sydney, Dr Debelle said the Australian dollar was still too high despite falli [...]

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Posted in Daily News, News

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