Chinese money moving away

Discussion in 'Property Market Economics' started by hash_investor, 27th Feb, 2017.

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  1. hash_investor

    hash_investor Well-Known Member

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  2. Zoolander

    Zoolander Well-Known Member

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    Its begun!
     
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  3. C-mac

    C-mac Well-Known Member

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    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?
     
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  4. Kangabanga

    Kangabanga Well-Known Member

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    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
     
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  5. Ed Barton

    Ed Barton Well-Known Member

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  6. JDP1

    JDP1 Well-Known Member

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    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.
     
  7. willair

    willair Well-Known Member Premium Member

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    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..
     
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  8. Ed Barton

    Ed Barton Well-Known Member

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    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.
     
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  9. melbournian

    melbournian Well-Known Member

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  10. zed_kid

    zed_kid Well-Known Member

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    Wow. I would be worried if I paid a premium in Werribee hoping to subdivide and on sell for profit
     
  11. Kangabanga

    Kangabanga Well-Known Member

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    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.
     
  12. C-mac

    C-mac Well-Known Member

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    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?
     
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  13. turk

    turk Well-Known Member

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  14. sash

    sash Well-Known Member

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    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.
     
  15. willair

    willair Well-Known Member Premium Member

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    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..
     
  16. marty998

    marty998 Well-Known Member

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    Liverpudlians, Mancunians and Brummies :) :) :)
     
  17. sash

    sash Well-Known Member

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    Yes guv....na what I mean!
     
  18. strongy1986

    strongy1986 Well-Known Member

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    Its not a new name. You can see on google maps
     
  19. JL1

    JL1 Well-Known Member

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    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.
     
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  20. C-mac

    C-mac Well-Known Member

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    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.
     
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