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Author: Subject:  The world's least affordable cities: Sydney (#3), Melbourne (#5)
Memberztnoo
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posted on June 1st, 2015 at 10:46 PM
The world's least affordable cities: Sydney (#3), Melbourne (#5)

Interesting story on where the ultra rich are parking their money in real estate
and why.

http://www.usatoday.com/story/news/world/2015/05/31/global-house-prices-global-cities/25507897/

* "Australia's Foreign Investment Review Board says Chinese investors pumped nearly $6 billion into the residential housing market there in 2013. In an attempt to stem the flow of Chinese money pouring into hot spots such as Sydney and Melbourne — two of the world's least-affordable cities, according to a survey by Demographia — Australia recently announced restrictions on non-resident foreign nationals who want to purchase homes in the country."



http://i236.photobucket.com/albums/ff127/ztnoo/laidbackroo.jpg
Fine tuning the proper daily ratio of Maxwell House to Bacardi 151.........

* Don't worry about the world coming to an end today. It's already tomorrow in Australia !


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