Hi all,
With so many reports about foreigners snapping up properties in Australia, it just makes me wonder how they are bringing in the money. I am not very well informed, but I do understand nations like China has restrictions limits ($50, 000 if I am right) per year on transferring their money out of their country. It would be interesing to find out how they could actually do property payments in millions with restrictions like that. Any advice from anyone is greatly appreciated.
Thanks
Lotsa ways to do it but mostly illegal. Become an ebay/alibaba seller for example and sell overseas. Collect payment in foreign banks but only remit home the actual cost and leave the remainder in a foreign account.
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