Anyone who doesn't speak the language and/or lives out of the country is at a massive disadvantage. Mostly it is a mess when people who aren't intimately familar with the country/language try to speculate.
Sorry, cant agree.
I do invest in ccTLD´s/countries I do not live in, and that with success.
I do also sell domains in dozends of languages I do not speak, also with success.
I do not speculate, I invest.
I think it is a little naive when people expect to make money in markets they know little about.
Its just naive if you business-plan/registrations does not fit to the certain ccTLD-market. And this is not possible without doing tests to get needed stats. With some ccTLDs you need 100 Domains to get the first impressions about the market, but in most cases you need 1000 domains or more to collect needed stats.
The question is more, what is right with it for Australian speculators?
Thats easy to answer... Nothing, if you have to speculate, you dont know the market.
This is a country near bankruptcy, high levels of corruption, internet penetration of 50%, main industry is organised crime, so yes I would say .it is not as important to Italians as .com.au to australians
That's only half of the truth.
Anyway, its all about to deal with the market. Is it too much effort, then you should not join the market at all.
The main point is though the average person who doesn't speak the language/isn't very familiar with the country is at a huge disadvantage.
Then find a way to turn your disadvantage into an advantage! But you are right, If you cant, you should not join the market.