Why the cash ban is a great idea

Thursday, 22 August 2019

This, at Domain:

A flood of potential property buyers from Hong Kong are approaching local migration agents, hoping to secure Australian residency ahead of buying homes in Sydney and on the Gold Coast.

A Chinese migration agent has revealed he recently received advice from the NSW Department of Industry that there’d been a significant increase in applications for business and investor visas over the past few months, which had heightened with the current unrest.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.