Discussion in 'Property Market Economics' started by hash_investor, 27th Feb, 2017.
Chinese apartment buyers shift from Australia to UK
Wow, interesting. Q3 2017 (Jul-Sep) I think will be an interesting reporting period.
I believe today (Feb 28th) official economic perfoemance data comes out, no? I wonder how Aus will do?
Probably will be ok as mining prices have picked up. However there has been a drop in construction and other sectors. Was kinda expecting a technical recession but commodity/oil prices have kinda held up, though for how long is the question as China has reversed the limits on working days on their mines, after they limited the working days last year to reduce excess capacity. Also the Chinese New year is now over and all the workers will be returning to the mines and increasing production again. Another major export LNG(lots from QLD) has seen consistent price declines since peaking in decemeber.
China may reinstate 276-day rule for coal producers
The torrent of $$ coming out of China has slowed to a trickle as well so suspect not much more moolah will be coming from Chinese companies investing here. 20billion/month now only 900million.
China’s Yuan Outflows Plummet, Showing Capital Controls Pay Off
If we do go into a technical recession, things are really gonna get interesting. #excited
Very hard article to read. Is the Chinglish by a Chinese writer or google translate?
To a degree maybe..as Sydney and Mel become more expensive they may look for other alternatives such as HK, sg, kl etc..still unknown as to the extent they will look for other alternatives in Australia ex Sydney and Melbourne. Brisbane amd gc is getting more Chinese money in resi but no where near what Sydney amd Melbourne get.
I think the Chinese buyers are still quite strong in inner Brisbane from what i have seen over the past 3 months at the mid-week weekends opens on the inner southside..In fact there was a small toyota hire bus same driver each time same well dressed Chinese Lady with different well dressed Chinese
each time i saw them..imho..
What official economic performance data? Australian GDP for q4/16 comes out tomorrow. Most commentators predict it as positive, but then they also predicted q3 to be much higher than it was.
Meanwhile in Melbourne past Werribee, A new suburb called quandong is to be created
New Melbourne housing blocks to hit market to improve housing affordability in Victoria - ABC News (Australian Broadcasting Corporation)
Wow. I would be worried if I paid a premium in Werribee hoping to subdivide and on sell for profit
lol is that in or near sunnybank? that's probably the only place that's gonna get anymore of the dwindling chinese money.
Hongkong is booming now as a result of Chinese money still being able to go there. Pretty hard to get money out of china now.
Quandong - very interesting name for the suburb. I wonder if that is an Indigenous or Chinese name? Sounds like it could be either / or both?
Quandong, Wild Peach an Australian Native Bush Food
Santalum acuminatum - Wikipedia
With the limits the Chinois can borrow and smuggle (err take out) of China.....it will put the brakes on Sydney and Melbourne.
Brisbane...Perth..Hobart...Adelaide here come the Chinois.....
But also heard from the guv in England.....Liverpodians...Manchesters...Birmingham is also getting attention.
No a bit further in from Sunnybank --Annerley Yeronga-Moorooka-DuttonPark West End inner southside and it's been going on for a long time..
Liverpudlians, Mancunians and Brummies
Yes guv....na what I mean!
Its not a new name. You can see on google maps
Q3 is exactly the period I am watching out for this year. The effects of low seasonal population growth in Q2 will time with increased dwelling completions over last year, and set the stage for an interesting Q3.
I expect that with resources jobs in WA picking up, interstate migration will have slowed by this point which is bringing in some 15-20,000 people to Melbourne each year (a large portion from WA). Though this pales in comparison to the overseas migration stats, it is enough people to considerably sway the supply/demand ratio. Likewise for migration between NSW and QLD, though with predominantly coal and metal processing in QLD, I don't expect the recovery will be as strong as WA.
Just flying back from Melbourne now.
I didn't realise just how many towers are still breaking ground despite the existing apartment glut in certain suburbs and hubs. I can't see Q3 being kind to these Melbourne apartment values.
Separate names with a comma.