Panic Setting in Sydney

Discussion in 'Property Market Economics' started by sash, 13th Mar, 2017.

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  1. radson

    radson Well-Known Member

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    Indonesia is almost a trillion dollar economy with provinces such as DKI Jakarta and East Kalimantan as quite wealthy provinces. Australia is a ~ 1.2 trillion dollar economy

    GDP per capita for the overall country is ~4,000 USD per capita and rising 6-7% but as mentioned above huge polarisation in wealth with an incredibly wealthy class (i,e tionghoa)
     
    Last edited by a moderator: 18th Nov, 2017
    radson, 18th Nov, 2017
    #921
    melbournian, Brickbybrick and Iamnumber5 like this.
  2. Xavier

    Xavier Well-Known Member

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    In terms of materiality, Indonesian citizens only account for 0.25-0.5% of Aus property purchases.

    Even if that is growing 7% a year still 10-15 years away from being material if prices keep dropping and demand slows.

    n ter
     
    Last edited by a moderator: 18th Nov, 2017
    Xavier, 18th Nov, 2017
    #922
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