Which Country Punishes Productive People the Most?

Okay.. so you bought it eh? Golden Beach sounds nice... Never been, probably since it's in the middle of woop woop.... :D
I wish I'd bought it!
JR.... buy all the waterfront you can afford. Trust me on this one. It never fails.
 
I wish I'd bought it!
JR.... buy all the waterfront you can afford. Trust me on this one. It never fails.

What about the rising sea level? And again... it's in woop woop... it will take me 10 hours to get there... and it's 3 hours away from Melbourne. That's too far away from anything mate, I need to be able to get to a decent city within 2 hours.

Or get my heli-licence...
 
What about the rising sea level? And again... it's in woop woop... it will take me 10 hours to get there... and it's 3 hours away from Melbourne. That's too far away from anything mate, I need to be able to get to a decent city within 2 hours.

Or get my heli-licence...
Ya flip it ya silly Kangaroo!
 
Ya flip it ya silly Kangaroo!

Hmm... I'm not buying into the whole Australian property investing craze... and I doubt there's much interest in woop woop.

I've got my house, which is more than enough for me. I might buy another apartment in Sydney when that comes down in a few years.

PS. I think we're screwing up this thread @vanzandt, sorry @Banjo
 
Hmm... I'm not buying into the whole Australian property investing craze... and I doubt there's much interest in woop woop.

I've got my house, which is more than enough for me. I might buy another apartment in Sydney when that comes down in a few years.
You will NEVER lose money buying oceanfront land that can be built on. I don't care where it is.
3 years from now this "woop woop" will be going for AT LEAST double that 45K. An apartment in Sidney will appreciate like the S&P at best. Perhaps a bit more. Or... it could tank if you buy it at a peak like Dealmaker is posting regarding SF real-estate.

Trust me.... Oceanfront is better than gold.
 
Re Australia, that number is very much skewed... I reckon 60%+ is Chinese...
Australia isn't that 'millionaires-friendly'... but the housing market has skyrocketed and for the wealthy Chinese (we all know they like a bit of a gamble) that's a big pulling card. As well as education and Oz is still in the APAC region.

I assume the French all went to Canada...

Quebec sure has a good reputation among french, but top destination for french millionaires should be UK, Belgium, Switzerland and Israel, Netanyahu created quite an uproar in a recent visit to Paris after a bunch of people were killed in a kosher supermarket inviting all french jews to move to israel, I can understand them leaving .
Canada as well as Australia used to get lots of chinese immigrants, I read that canada made the process more difficult or completely cancelled the investor program so not sure who is moving there right now.
 
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