Coronavirus and property values

Exactly my point if it is such a big emergency then also block flights from all countries that would be used as a back door way in. I believe PNG is taking no flights from Asia.

 

I don't believe the Chinese death count of only a couple of hundred people from this in the least..

This will affect the global economy for a while to come, just like SARS and swine flu did.

 

Bejesus....man.....a $1000 to get Australian tax payers out in an emergency...Scomo....does not get it...the Japanese and US have got their people mostly out while we dither....

NoCookies | The Australian

 

It would effect their surplus if they funded the emergency evacuation. Best, let Australian's find their own way home in emergencies. It's cheaper.

 

Maybe we should parachute them down to .... Wuhan.

Apparently it is getting worse. This is going to hurt the Chinese and world economies now. I don't know about property values in Australia dropping. Might even increase in areas away from Melb and Sydney for obvious reasons

 

Lets Blame Scott Morrison for everything.

 

The Americans aren't mucking around.

State Department issues 'do not travel' advisory for China, asks those in the country to consider leaving

If things don't change soon I reckon they'll move ahead and cancel all flights within a week.

 

US also did the same with regards to Australian bush fires

 

I believe that warning was to 'exercise increased caution' which our prime minister was successful in having it overturned within a week. This is different. They don't want any of their citizens travelling to China, period.

US Softens Australian Travel Advisory–But Warns Of Poor Air Quality

 

Right
That makes sense. Ta

 

Nope he is just a poor leader. Have look at NZ leader

 

Might be trigger for a credit crisis if prices plunge in shanghai and beijing and as high debt businesses fold. Once the bubble pops, **** will hit the fan..

 

Could happen...thus why I went conservative on my funds...

 

Dont think their is anything special about Jacinda Ardern.

She is a great shoe women and knows how to appeal yo the masses . I do t thin she is anything apecial as a financial leader or world diplomat.

This is a seperate issue from your constant bashing of the prime minister. You ridicule and insult and show little respect for thr leader if our country.

Show more class yourself

 

Nope Scomo is an embarrassment....at least trump made some solid decision. He has lost the respect of the public not only due to bush fires...the corona virus...but also the economy. He does nepotism well though...

 

Yep i remember during SARs HK property prices just plummeted. Good recovery once they got it under control but.Though this time its not HK property but the whole of China including their tier 1 cities. Chinese economy is largely backed by increasing credit bubble into construction and property, once that falters its gonna be pretty destabilising. And with virus its its not like u can do a stimulus to boost liquidity into the system, demand is just zero and everyone is in panic selling mode.

 

In perspective,11000 cases out of 1.35 billion people in China
230 dead out of 11000 cases. Mostly elderly anyway, most likely people with existing illness already. Not much worse than common flu. Totally blown out of proportion.

 

Exactly

If China shuts shop (for however long), Aus goes down, fast. At least temporarily. This flows on to income, lending, wealth effect, employment etc.

Look at the S&P500 last night

 

A leading indicator will be iron ore stockpiles in Chinese ports, especially over the next few weeks as factories restart after a break, if the virus spreads to other areas, they might have to shut down other regions.
Its not unheard of for Australian miners to shut down production for a few weeks if they feel that ore carriers are unable to offload into Chinese ports.
Another nightmare scenario is the virus spreading to other populous countries that dont have the money and a healthcare system to deal with the problem effectively.

 

'Virtually deserted': north-western Sydney suburb quiet due to virus fears

Potentially it is commercial property that could take the first hit, as businesses in suburbs like Eastwood and Hurstville start failing.