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> suppose NSW moved its capital to (say) Dubbo or Bathurst? In a sense they already have, most NSW government departments moved their offices from the Sydney C

> suppose NSW moved its capital to (say) Dubbo or Bathurst? In a sense they already have, most NSW government departments moved their offices from the Sydney CBD to the Parramatta CBD, which is about 25km west. This helped a tiny bit. Meanwhile, my multi-millionare ex-boss is struggling to buy a house, because he's being outbid by chinese "students" (lol) to the tune of +$500K over the expected price.

skissane 3y ago
> which is about 25km west. This helped a tiny bit. It would help a lot more if they added a zero to that number > because he's being outbid by chinese "students" (lol) to the tune of +$500K over the expected price I believe that’s a real problem but only in certain suburbs. If you are a well-off Chinese businessperson or government official, and you want to get your money out of China - in case Xi Jinping suddenly decides he doesn’t like you any more - splurging on a residence for your kid at uni in Australia is a good way to do so while complying with the laws of both countries. Still, while it is a real issue in some areas, at a national level I don’t think it makes a huge difference - there’s lots of housing in Australia which isn’t that close to a university campus