{"id":13197,"date":"2018-07-18T09:24:22","date_gmt":"2018-07-17T21:24:22","guid":{"rendered":"http:\/\/propertynoise.co.nz\/au\/?p=13197"},"modified":"2018-07-18T09:24:22","modified_gmt":"2018-07-17T21:24:22","slug":"australias-expensive-real-estate-problem-remains-a-dirty-little-secret","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/australias-expensive-real-estate-problem-remains-a-dirty-little-secret\/","title":{"rendered":"Australia\u2019s expensive real estate problem remains a dirty little secret"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Soaring house prices in recent years saw a $4.3 billion housing affordability package put front and centre in last year&#8217;s budget.\u00a0<span class=\"photographer\">Photo:\u00a0Wayne Taylor<\/span><\/strong><\/p>\n<p class=\"first-para\">Nobody knows how many billions of dollars in dirty money is pouring into Australia\u2019s housing market, but global authorities describe local real estate as a prime target for money laundering \u2013 and you may have paid more for your house because of it.<\/p>\n<p>The likelihood of cashed up crooks increasing house prices is much greater than many people realise, given the hidden nature of the problem, a lack of regulation in the Australian real estate industry and the staggering sums involved.<\/p>\n<div><span style=\"font-size: large;\"><b>AUSTRALIAN PROPERTY NEWS &#8211;\u00a0\u00a0JOIN OUR 30,000 PLUS SUBSCRIBERS<\/b><\/span><\/div>\n<div><span style=\"font-size: large;\">\u00a0<\/span><\/div>\n<div>\n<div dir=\"ltr\">\n<div dir=\"ltr\"><a href=\"http:\/\/eepurl.com\/b-0d_f\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?hl=en&amp;q=http:\/\/eepurl.com\/b-0d_f&amp;source=gmail&amp;ust=1531902021159000&amp;usg=AFQjCNESoI3cH-WV1m2kFOr_xFXGBqQ0_g\"><strong>GET INFORMED: RECEIVE OUR FREE E-NEWSLETTER 1 X A WEEK PLUS OTHER PROMOTIONS<\/strong>\u00a0<\/a><\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">\n<div><a href=\"http:\/\/eepurl.com\/b-0d_f\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?hl=en&amp;q=http:\/\/eepurl.com\/b-0d_f&amp;source=gmail&amp;ust=1531902021159000&amp;usg=AFQjCNESoI3cH-WV1m2kFOr_xFXGBqQ0_g\"><img decoding=\"async\" class=\"m_4069136570602499439gmail-m_-5672678202854420931m_-1174253372178555362gmail-alignnone m_4069136570602499439gmail-m_-5672678202854420931m_-1174253372178555362gmail-wp-image-12482 m_4069136570602499439gmail-m_-5672678202854420931m_-1174253372178555362gmail-size-medium lazyload\" data-src=\"http:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2018\/05\/newsletter-sign-up-300x73.jpg\" alt=\"\" width=\"300\" height=\"73\" data-srcset=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2018\/05\/newsletter-sign-up-300x73.jpg 300w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2018\/05\/newsletter-sign-up-465x114.jpg 465w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2018\/05\/newsletter-sign-up.jpg 637w\" data-sizes=\"(max-width: 300px) 100vw, 300px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 300px; --smush-placeholder-aspect-ratio: 300\/73;\" \/><\/a><\/div>\n<\/div>\n<p>CLICK HERE for our\u00a0<b>New Zealand<\/b>\u00a0Property News:\u00a0<a href=\"http:\/\/www.propertynoise.co.nz\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?hl=en&amp;q=http:\/\/www.propertynoise.co.nz\/&amp;source=gmail&amp;ust=1531902021160000&amp;usg=AFQjCNF8uE1ifCUBuPJ0XNlrBuVMm87Twg\">www.propertynoise.co.nz<\/a><a href=\"http:\/\/www.propertynoise.co.nz\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?hl=en&amp;q=http:\/\/www.propertynoise.co.nz\/&amp;source=gmail&amp;ust=1531902021160000&amp;usg=AFQjCNF8uE1ifCUBuPJ0XNlrBuVMm87Twg\">\u00a0<\/a><\/p>\n<\/div>\n<\/div>\n<p>READ MORE VIA <a href=\"https:\/\/www.domain.com.au\/news\/australias-expensive-real-estate-problem-remains-a-dirty-little-secret-20180526-h10kvf-752612\/?utm_campaign=featured-masthead&amp;utm_source=smh&amp;utm_medium=link\">DOMAIN<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Soaring house prices in recent years saw a $4.3<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/australias-expensive-real-estate-problem-remains-a-dirty-little-secret\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":13198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098573,478098512,478100065,478098521,478100064,478098726,478098562,478098519,478098535,478100066,478098556,478098513,478098579,478098510,478098514,478098575,478098511,478098533,478098509,478098536,478098618],"class_list":["entry","author-wpcomsupport","post-13197","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-apartment","tag-australia","tag-australian-real-estate-industry","tag-australians","tag-australias-housing-market","tag-chinese-buyers","tag-foreign-buyers","tag-home-ownership","tag-house-prices","tag-money-laundering","tag-nsw","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-queensland","tag-real-estate","tag-real-estate-agent","tag-real-estate-news","tag-sydney","tag-sydney-property"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australia\u2019s expensive real estate problem remains a dirty little secret - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/australias-expensive-real-estate-problem-remains-a-dirty-little-secret\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia\u2019s expensive real estate problem remains a dirty little secret - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"&nbsp; 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