Unbelievably, I have written about the Australian property market, Chinese investors, and negative gearing. It’s pretty scary.
This is an odd post for me that I am not really qualified to make, so if you’re a qualified economist please accept my apologies. If you believe the papers, you would think that Australia is being swamped by Chinese investors, who armed with thick wads of cash are driving up property values and making owning a house unaffordable for ordinary had-working Aussies. Here’s a sample of recent headlines: Chinese investors are pushing into Melbourne and Sydney ‘Kua zhang’: Chinese real estate investors ask, what’s the drama? Chinese eye WA property The China syndrome: At the frontline of Australian property …