Chinese students turn on Aussie professors

Tensions rise as Chinese government’s influence infiltrates Aussie universities AUSTRALIAN educators are increasingly coming under attack from Chinese students, raising concerns their government’s influence is permeating our universities. The students have been openly complaining about Western teaching methods and ideas, and publicly demanding apologies or changes to how subjects are explored. The trend has raised…

House prices face China exodus risk, says former top US Federal Reserve Economist

Soaring house prices are vulnerable to a sharp downturn that would damage the local economy if Chinese buyers retreat from residential property in Australia, a former top US Federal Reserve official has warned.Nellie Liang, who recently visited Sydney and shared her thoughts on financial stability research with the Reserve Bank of Australia, told The Australian Financial Review policymakers…

Almost one in five homes built in Australia are unoccupied

Australia’s record-breaking residential construction boom has done little to ease housing affordability in Australia’s largest cities, perhaps it’s because many of the homes built are currently unoccupied. Regardless of whether they were purchased by locals or foreign investors, close to one in five new dwellings built over that period was unoccupied on census night, according…

Almost one in five homes built in Australia are unoccupied

Australia’s record-breaking residential construction boom has done little to ease housing affordability in Australia’s largest cities, perhaps it’s because many of the homes built are currently unoccupied. Regardless of whether they were purchased by locals or foreign investors, close to one in five new dwellings built over that period was unoccupied on census night, according…

Mega-developments in Sydney and QLD attracts Chinese scrutiny

Billion-dollar hotel developments in Sydney and Queensland, a shareholding in Virgin Australia, and the Australia’s biggest cinema chain will come under the scrutiny of Chinese regulators trying to rein in a US$215 billion ($284 billion) overseas buying spree by Chinese companies. Dalian Wanda, headed by China’s richest man Wang Jialin, is among four Chinese companies…

Chinese -only Gold Coast Liberal National Party Branch gets mixed reception

A CHINESE-only branch of the Liberal National Party has formed on the Gold Coast, dividing the party faithful. The Gold Coast LNP Chinese Heritage Branch has just held its first meeting, with dozens of members joining several sitting MPs for the inauguration. The new branch comes just weeks after the launch of a similar splinter…

Chinese investment in real estate grows to $32b: FIRB

Chinese investors topped the list of foreign investment approvals for the financial 2016, and have pledged to invest $47.3 billion in Australia, mainly in real estate, the latest Foreign Investment Review Board annual report shows. The figure is similar to the previous year when $46.6 billion in approvals was awarded to Chinese investors. Of China’s…

Immigration intake will remain at record level for 2017 – 2018

Australia’s permanent migration programme for 2017-18 will remain at a ceiling of 190,000 places. This was announced by Department of Immigration and Border Protection Minister Peter Dutton on budget day. After recent announcements of abolishing the 457 visas and strengthening the requirement to gain Australia’s citizenship, all eyes were on government to see if the…

Keep foreign workers coming, IMF says

Just hours before Treasurer Scott Morrison hands down his second budget, the International Monetary Fund has offered some sage advice – keep Australia’s borders open to foreign workers. At a time when the Turnbull government is tightening the criteria for foreign workers and Labor is in a flap over it’s “Employ Australians First” ad, the…