Australia:Chinese property investment through the roof: What it really means

FIGURES out this week show the Chinese are pumping money into the Australian property market like never before. Financial services company Credit Suisse estimates that residential investment from Chinese-based investors and new immigrants from China will more than double over the next six years to $60 billion. The company’s report out this week said Chinese buyers … Read more

APRA head says housing market ‘risky’

The head of the banking regulator has stopped short of saying the housing market is in a bubble, but says it certainly looks risky. Australian Prudential Regulatory Authority chairman Wayne Byres says with property prices rising much more quickly than incomes and household debt high, the market could pose a risk to the economy. He … Read more