I have long said that the primary responsibility of government is security – in particular border control. The second responsibility is to provide fair markets for citizens to trade in. The Rudd Government is failing dismally on both counts.

Just imagine you live on a beautiful island. Your family has owned a beautiful plot of land for generations. Your government decides to open up your country and to give foreigners the ability to buy the land in your country.

Your land used to be worth about a year's salary. But the foreigners can afford to pay much, much more. Because the foreigners compete with each other using their strong currency, pretty soon your land is worth 50 times your yearly salary.

That's great for you if you own the land. You sell and pocket the money.

But what about your kids? How can they possibly buy land in your country? They're doomed to be renters in their own land.

Unbelievably, that's precisely the direction the Rudd Government has us headed in. This should send a chill up every Australian family's spine.

There have been big changes to foreign property ownership in Australia and most Australians know nothing about them.

Just before Christmas 2008 the Rudd Government relaxed restrictions on foreign ownership of Australian property. It was a typical, panicked decision at the height of the global financial crisis

While you're pondering the changes they've made, think about the amount of Chinese money that's been flooding into Labor party coffers. Think about Bernie Ripoll and his Chinese property dealings. Or the former defence minister Joel Fitzgibbon who was famously forced to resign after several scandals, including his involvement with a Chinese businesswoman. Or Mr Rudd’s statement, "President Hu, I wish you and your party every success in Australia."

The changes the Rudd Government made are now flowing through into property prices. They're going up, and up and up.

The Reserve Bank Governor Glen Stevens last month said that the looser rules for foreigners had contributed to the price surge and thus to Australian interest rates being increased. I spoke with Terry McCrann last week on the program, he said much the same thing.

One of the changes was the removal of the requirement for temporary residents to notify the Foreign Investment Review Board prior to buying property. That means that the 340,000 students, diplomats, working holiday makers and the like – 340,000 each year – are now able to buy any property and our FIRB doesn’t even know about it.

Previously foreign students were limited to $300,000 on a property to live in. And the previous rules said they had to sell when they left. Not any more. Mr Rudd has changed all that. Now there is no limit. But not only is there no limit, there is no requirement to notify the FIRB, so there is no way of even knowing how much property is being bought by foreigners. No data is being recorded.

Under the old rules, the developers in this country who donate so much money to both political parties had to sell at least half their off-the-plan projects to Australian residents. Now, they can sell 100% - off-the-plan – to foreign buyers.

If these rules are not changed, when my children want to buy their first home, they will be up against temporary residents from booming economies like the Chinese and Indian students here.

Alex Caraco, the CEO of the global real estate group Coldwell Banker says, "we will end up like the European model where 70% of people rent."

This has hit Queensland big time.

I have heard from dozens of people who talk about foreigners buying up houses and leaving them empty.

Have a look at the numbers again. There are more than 2,500 million Indians and Chinese and just 20 million of us. We need to protect ourselves.

Hasn't anyone noticed there's a shortage of houses in Australia? When we have a shortage for ourselves, what the hell are we doing allowing foreigners to buy up?

This may be good news if you own a home today, but think about the distorted market when you go to buy your next house in the next price range up against a cashed up foreigner.

Property prices in this country are surging and the Reserve Bank is increasing interest rates as a result.

DTZ, the international property giant, has analysed Queensland's Department of Environment and Resource Management's property sales data for the 2009 calendar year.

The numbers are astounding. Foreign buyers bought properties totalling

$174 million on the Gold Coast

$85 million in Brisbane

$38 million on the Sunshine Coast

A total of $355 million in Queensland properties were sold to foreigners last year.

We only know that because the Queensland Government records the information. The Federal Government has stopped monitoring sales to foreigners.

Globalization is marvellous isn't it? Cashed up foreigners could walk in and take over if they’re allowed to. And not a peep out of our government.

Australia for Australians, please.