Sydney Penthouse Discounted as Chinese Buyers Dry Up

Рет қаралды 24,401

Күн бұрын

Пікірлер: 51

@malkov0001 9 ай бұрын

As a Sydney resident, I can tell you that Barangaroo used to be an industrial site - a shipping dock to unload and offload containers. It has been transformed but does not have the culture, vibe and prestige. There are no local primary or high schools within walking distance. In Sydney, having access to fresh air and open space is really important. There is no balcony here and expect to pay ridiculously high strata levies (building fees). Besides, would you really want to spend $USD59 Million to live above a Casino on an ex-industrial site in a suburb that has no culture or vibe?

@uberboiz 9 ай бұрын

Whoever buys this apartment is very unlikely to be considering the availability of schools in the area - he/she would buy it for the lifestyle/prestige, not the public amenities around it. As to culture/vibes, it depends on each individuals really.

@shxtevoYT 9 ай бұрын

st marys cathedral hs is less than 10mins walk at town hall. if you can afford to live in the city you probably can afford to go to one of at least 10 private schools in the area. UTS and Usyd arent that far either tbh. i use to walk that distance from UTS to martin place every day for about 14 years. it takes about 20mins walk.

@jasonr3165 9 ай бұрын

but that's not what the rich care🤣You are just not in the circle and simply apply the logic based on your level.

@jefri4176 9 ай бұрын

This kind of apartment only targeted at those ultra rich or money launderers 😂

@Chryeon 9 ай бұрын

Developer is scamming public by inflating prices using "stars stays here before" lol 😂😂

@Gday37 9 ай бұрын

Wtf, was this an ad?

@deborahcurtis1385 9 ай бұрын

YES!

@matthewmartin9656 9 ай бұрын

That's exactly what it was. I reported it as misleading/spam.

@windsong3wong828 9 ай бұрын

Chinese buyers are not going to western countries to invest because of all the tensions between the west and China. Chinese investors prefer Thailand, Singapore etc

@User-jca69420 9 ай бұрын

Good. The people of western countries don't want Chinese buyers bidding up our houses either.

@kuba-xp4mq 9 ай бұрын

It's better that way, what good do they do apart from pushing up the housing prices until they are totally unaffordable for the locals. Chinese treat houses not as homes but as speculations only!

@User-jca69420 9 ай бұрын

Good, please stay out. The people of Western countries would be happy to have affordable housing and not this silly real estate speculation con game where the last person holding the title pays everyone back when the bubble burst.

@windsong3wong828 9 ай бұрын

@@kuba-xp4mq Let me set the facts for you. Locals buy property to live in. Overseas Chinese buys properties to rent out. Now that a lot of Chinese investors are no longer in the market, there are few properties for rental. This push up the rental prices. A lot of the young renters or poorer people are complaining about the lack of rental properties in the market. Usually, when there are a lot of investors, rentals tend to be depressed as too much supply and not enough renters. Too few investors, means there will be less properties and too many renters.

@ichrisone 9 ай бұрын

We pushed young Aussie Mums and their kids onto the street for 3 years to keep $59M apartments empty. Probably with no tax liability at all. Those same young Mums spend about 50% of their earnings on tax so that your interest rate on that nice apartment you visit once a year remains nice and low. Well below inflation. Welcome to Australia! Winner takes all.

@raaghub1723 9 ай бұрын

I will bid once I get my money printer delivered by Amazon.

@MithunOnTheNet 9 ай бұрын

Look at how narrow those halls are!

@henrytang2203 9 ай бұрын

I wonder how much commission the agent who closes the deal gets.

@denkoxh8610 9 ай бұрын

Good luck finding a buyer from the US or Europe. If the Chinese aren't buying, it will be the sound of crickets in the western world.

@Steve992.1 9 ай бұрын

dead vibe outside. sydney is a joke.

@oo0Spyder0oo 9 ай бұрын

Stupid prices, and as usual pricing it out of the locals reach.

@mickeydrago9401 9 ай бұрын

You'd have to pay me $59 million dollars to live there

@momaslilboy1781 9 ай бұрын

$59 million? The view looks good, but the apartment looks small and ugly.

@bullpup1337 9 ай бұрын

It is starting!

@danlin8310 9 ай бұрын

Stop kidding! Additional Foreign Buyer Stamp Duty, Vacant Residential Land Tax, Capital Gain Tax, FIRB Levy, Hefty tax on rental income, Restriction on sale to foreign buyer, Poor building standards etc… how is Australia the best country to invest in property? Better to purchase an abandoned Akiya for Yen 1 or Euro 1 property in Italy, renovate and invest your money for passive income.

@deborahcurtis1385 9 ай бұрын

Better than Tofu-Dregs housing in China. You've got cities of them!

@mylifegamer1 9 ай бұрын

59 million? does cash grow on trees?

@serena-yu 9 ай бұрын

Money laundering. Billions of foreign criminal money each year into Australian real estate.

@Antonio-ti2he 9 ай бұрын

Apparently , unless you own a printing press ...🤣😂

@Drmunnybear 9 ай бұрын

No one mentions Australia’s ridiculous new tax residency rule?

@palmvegas7878 9 ай бұрын

have stayed there couple of times. awesome hotel and great walks round to circular key, opera house, close to cbd, etc great restaurants in the building - epicurean buffet, nobu etc not everyone though has 59 mill on hand to buy though :) if i did id definitely put in a bid :)

@glentanner4770 9 ай бұрын

Who ever does finally buy this penthouse, I guarantee that they will never actually live there, it's just a status buy and another trophy to put on the billionaires mantle. The only people that can afford this place are jet setters and they can't sit still.

@mickeydrago9401 9 ай бұрын

Blah blah blah explanation. A simple and direct and complete answer is it's priced too high, duh!

@ecodream100 9 ай бұрын

Monthy condo fees are probably insane as well.