My golden rule: Never blog/tweet while intoxicated. But you know what, rules are made to be broken. So here it is.
My Australian friend has further informed me that Chinese purchases of Australian real estate are down. Abbott effect? Perhaps. But the question is, as ever: What is the next hedge for the Chinese nouveau riche (technically speaking everybody in China remotely riche)? Poaching red corals from Ogasawara waters? Russian oil-and-gas equity?
I nominate New Zealand real estate. After all, NZ is to Australia what Canada is to the United States, and you know how popular Canada has been with Asian immigrants. There are, gorgeous post-glacial landscape (Exhibit A AWESOMELY CUTESY-POO PROMOTION VIDEO*, exhibit B AWESOMELY CUTESY-POO MAKING OF-PROMOTION VIDEO*)…, no persistent African-American underclass—and a serious aborigine problem swept under the rug with the help of a smattering of aborigine world-class athletes.