Australia's relaxed foreign investment laws and property policies have led to a chilling effect on small businesses and the economy. The author, Di Jenkins, observes the proliferation of empty commercial spaces in her suburb, a symptom of a larger issue. The problem stems from foreign investors buying up properties without the intention of leasing them to viable businesses, instead using them as a means to obtain Australian citizenship and access to prestige residential titles. This behavior is exacerbated by the government's First Home Buyers Assistance scheme, which is accessible to non-Australian citizens, further driving up property prices and making it nearly impossible for small businesses to thrive. The author laments the loss of small businesses, which are often the backbone of local communities, and questions the extent to which Australia is being sold off to foreign interests. The situation is particularly concerning given the high percentage of foreign ownership in the mining industry and the sale of entire islands and farms to overseas interests. The author concludes by expressing a sense of unease and worry about the future of Australia's economy and the well-being of its citizens.
