This happened last weekend, where a 'anti-foreign buyer' group disrupted a home auction in Chatswood, Sydney.
In my opinion, this group has a racist agenda (where a group is being discriminated against, based on race, FYI; let's not get hung up on the labelling). This is because the flags in their placard are all Asian flags, which is not (anywhere near) a good indication of foreigners in Australia.
Top 5: UK, NZ, China, India, Philippines.
Italy and South Africa and Germany are also in the top 10.
The group is angry that these foreigners have increased competition, making it harder for them to buy homes.
Many buyers also buy property as an investment.
They are understandably angry.
However if they've done their research, they would know that it Asian nationals make up a small group of buyers:
Top 9: China, USA, Singapore, Canada, Malaysia, UK, Netherlands, NZ, Hong Kong, Germany"
With these stats in mind, it doesn't seem fair that it's only the Asian nations (most which aren't even in the top 10) feeling the wrath in this 'anti foreigner' demonstration.
- The guy who's organised this have also been distributing anti-China flyers.
I hope I've made my points clear.
Do you think this group is anti-Asian? Or, if you think that they're just 'anti-foreign' as they claim to be, can you explain why they're singling out only Asian nations, when this is wrong?
(I'm feeling angry about this issue, that's all. It's hard enough trying to get into the property market; don't need discriminating (profanity) to make it even harder.)
Well it's hard to tell yanks and Canadians apart from Australians, so of course, the Chinese groups stand out the most.
In an auction of 50 people and with untrained eyes you will probably only "see" two main groups — people of Anglo descent and Chinese descent. Pick a target to get angry with. It'll be the Asians.
And going by the investment figures, the Chinese have almost 2x the buying power of the US, so it's very likely the chinese are usually leading the auctions in terms of bidding price. That's just my conjecture though.