How do you say GOODBYE in MANDARIN? Chinese investment - massive drop

lets leave it at that.. the fact is that the asian invasion will never end. okay its not an invasion but SEA will always see australia as a good place to migrate compared to EU/NA

 

now that is a comment that I agree and it is inevitable

 

Chinese buyers can 100% understand "Bye Bye!"

 

And it is "return of the commies" - I said geelong is one of the biggest @G TOWN and @sash
potentials in Melbourne due to location and distance to Melbourne CBD

Chinese-backed developer makes mammoth Geelong land grab

 

That 3212 area is booming. The H&L in the area is extremely popular with the children of 1st gen European migrants that live in the 3214/3215 areas

 

Iceland Plans to Shut the Door on Chinese Investors, Again

 

Chinese investment has dropped because they can't get finance as easily from Australian banks and there's a FIRB fee.

They aren't as dumb as they used to be, they don't want to buy 95% of a Melbourne CBD tower that's being flogged by a Chinese developer anymore.

On the larger scale of things, If too much of a development is sold to foreigners, especially mainland Chinese, then the banks likely won't finance it. No finance, no development so they'll look elsewhere.

 

Well at least its not just Australia feeling the pinch from chinese money pulling back.

I guess the threat of you and your whole family being locked up in a chinese jail is having a big effect on money flowing out of china.

51% down...


China Q3 overseas property investment down 51 per cent year on year - private sector report

 

REgulations starting to be felt by chinese property companies pulling out of Aus developments.

Wanda set to sell off $1.3b Circular Quay property development

 

Japaneses did the same thing in 1990's.

It comes here in the Boom and leaves in the Bust.

 

"talking about social classes" is a big part of any conversation about property investment.

 

Yeah Japanese were buying up everything downunder in the late 80s until their big crash. I'm not old enough to have seen it but some of the oldies I have spoken to think the same thing is happening with the Chinese.

That's one thing many expect wont happen this time round but IMHO history will repeat itself.

China already has most of the ingredients such as booming economy fed by excess credit, asset bubbles and an ageing population. Just a matter of time really. Bitcoin seems to be the new asset bubble, wonder how that will end.

History is repeating itself, really nothing much China can do about it, if you look at their national accounts, they are still piling on the debt.

 

I think the only difference is that being centrally controlled, they will be able to delay the inevitable much longer than anyone else. If there is a crash to come I would take the most conservative estimate and double it.

 

They have been delaying it since 2008.......

 

But this time, the Chinese did a tons of borrowing with Australian banks (with fake proof of income for most, can be purchased for $20 on Wechat), Westpac in particular.

It s not going to end well for Australians too.

 

nab sacking bankers is one thing.... will be interesting to see fall out from other banks if they revoke any fraudulent loans with the spectre of royal commission hanging over them

 

And if the Chinese economy crashes...well, we know what will happen here.

 

Won't take a crash.. just a slowdown from their breakneck speed of 7% annually and Australia will get slammed.

 

SMH posted yesterday the updated stats re foreign investments

Foreign requests to buy Aussie homes collapse

 

Not really surprising, but I recall reading foreign investors were buying at least 50% of new apartments, so this may be a big concern for apartment owners and upcoming constructions. Could possibly explain why apartments in many areas seem to be struggling to sell?