http://www.businessinsider.com/morga...28ClusterStock


I hope it falls soon

As long as China stays wealthy so will OZ, China needs OZ's massive natural resources , thats why OZ is the only western country to advoid a recession and the best performing economy in the western world. in the USA unemployment is 10% and house prices crashing in OZ unemployment is 4% and house prices booming.

There appears to be some doubts about the true extent of recovery in China...

http://www.smh.com.au/business/doubt...1117-ij91.html

House prices booming in Oz because of China? I am not so sure. I think it is almost entirely fuelled by debt (and not mention the govt. handout/bribe/encouragement to inflate house prices higher) ......FHB taking extraordinarily huge loans with low down payments (at a time when interest rates bottomed) and buying houses they can ill afford.

Whilst the economics of Australia are not perfect by any stretch of the imagination, when compared to the US and UK its positively coming up smelling of roses. I don't believe that is going to change any time soon.

are you having a housing bubble in australia?

China may be playing a small part in it...

A case of too many eggs in the one basket,perhaps?

Some of us may well say. Still a lot of local punters feel it is the way to richness,with a belief that house prices double every decade. Rather an obsession here....

That and interest rates. I don't recall the rises and falls of interest rates being reported with such detailed examination back in the uk...


S

I don't recall it being that bad here some years ago, but the last few years it has been particularly noticeable.

I remember it being quite a big thing in the UK as well. MPC used to meet 1st Thursday of the month and it was definitely on the news that night.

I do.

How reliable is that data given that they're all reports from real estate agents (price rise on account of Chinese buyers who have become very active recently)? The reason I ask is that we had a very similar situation in Dubai - where agents were talking up prices and saying that cashed up Russians and Saudis were snapping up property (not to mention tales of money launderers with suitcases full of cash buying property) so prices would never fall....and we saw what happened there.

So are the Chinese really buying property, and if so, why?

Obviously the reliability of anything in the news isn't 100% guaranteed, but with the recent government changes to allow overseas buyers to now purchase established homes, it does seem highly feasible.

The rules were changed to allow just this to happen, and now they say it has happened.

It sort of makes sense.

Really? I remember it making the news, but it was usually only the second or third item in, and only given limited time.


S