Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Thursday, 4 June 2015

Gold Coast

Goldie

Been up on the Gold Coast in Queensland this week.

Partly as I was speaking at a conference, but also managed to sneak in a bit of this...


If you're a bit older than me, you would recall that the golf courses up here were one of the pleasant outcomes from a Japanese fuelled economic and property bubble in the 1980s.

You can read all about it in the book Samurai in the Surf.

The ABS released its latest Overseas Arrivals and Departures figures on Monday this week, and although I am too slothful to go through them all now, you can see that we get far fewer Japanese visitors to these shores today than we once did.



But look what is happening instead!


I note that this data set lags by 5 months.

If my eyes are working correctly, these figures are set to explode higher...much higher.

The picture below, for example, shows the hotel I stayed at this week...


This is just one picture of a thousand I might have taken from around Australia in 2015.

It's big, and it's happening.

I believe that the motivations for Japanese investment in Australia in the 1980s and Chinese investment in Australia today are very different.

Capital flight is a huge driver and motivating force today, and the the population of China is more than ten times the size of that of Japan at around 1.4 billion.

Not a week passes in 2015 without news hitting my inbox of another major Chinese commercial, industrial or agricultural acquisition within Australia.

A huge shift is taking place in Australia, right before our very eyes.

Watch out for the number of Chinese visitors mushrooming further in the years ahead.