NewsBite

People In China Spending Nearly $8m A Day On Australian Property 19/07/2023

People in China are spending nearly $8m a day on Australian property – vastly more than buyers from anywhere else in the world – but the true levels of real estate purchases by foreigners are likely much higher, a leading expert claims.

Victorian taxpayers are facing potentially billions in damages and a massive hit to its title as the nation’s sporting capital after it sensationally cancelled the Commonwealth Games citing mounting cost blowouts.

Teal indpendent Zali Steggall is under pressure in her own electorate, according to internal Liberal party polling seen by The Daily Telegraph which suggests voters have been turned off by the federal MP’s anti-nuclear stance as well as her failure to deliver government investment to the area.

The Qld state government is being urged to make a minor change to its planning regulation to spare investors being slugged up to $80,000 in council fees and potentially blocking the creation of hundreds of affordable homes.

A SA government spokesman said that while the decision will be “deeply disappointing for athletes and supporters of the Commonwealth Games” the government will not put its hand up to host.

You might like

In Black and White
News

In Black and White

Host Jen Kelly talks with experts and historians to uncover the untold stories of some of our most interesting and offbeat ancestors.

The Herald Sun – News Feed
News

The Herald Sun – News Feed

We're for Melbourne and Victoria, this podcast gives you the headlines daily from the Herald Sun. Subscribe wherever you get your podcasts.

Turn Around
News

Turn Around

On the 50-year anniversary of the 1969 Lara bushfire, we speak to Barabara Coltman who survived the tragedy where seventeen people died.

Original URL: https://www.ntnews.com.au/news/victoria/people-in-china-spending-nearly-8m-a-day-on-australian-property-19072023/audio/3d4c928c7c766e880aca2af0cd5949f2