Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Saturday, 1 April 2017

Weekend reads: Must read articles of the week

Summarised for you here at Property Update (or click the image below).

I've been considering for some time the impact of Chinese capital on Australian property, and Credit Suisse seems to have a similar viewpoint on relative affordability for non-resident buyers.

As I looked at here, there are now well over half a million people in Australia that were born in China, accounting for 2.2 per cent of the resident population, mainly concentrated in Sydney and Melbourne. 

When you include all of those of Chinese heritage (i.e. not only those born in China) the pathways for Chinese capital to find its way into Australia mushroom to such an extent that it's essentially a 'furphy' to believe that it can be stopped. 

Happy reading.