Australia's largest stock trading and investment forum Australia's #1 stock forum

Aussi banks in chinese horror story!, page-2

First 2 Last

Share
Profile

Follow
waldo1

1,852 Posts.

19

02/04/16

18:27

Post #: 17408155
Share

Originally posted by einstein ↑

The "Big Four' are losing their share value as the Chinese weasel their way out of the completion of unit purchases etc ! They buy off plan with a small deposit and then disappear! Leaving The Stakeholders, I.E. The banks, in the poop! Any wonder their shares are tanking ! Coupled with terrible Commodity prices ,its a double Whammy! And the Chinese govt is really starting to monitor the amount of money that the Chinese can take out of china ! A report today in the courier Mail ,stated that over 50% of Unit purchases in Sydney and Melbourne involved Chinese! Beware the Unit Market!

Expand

I believe 50% are owned by Chinese.

Syd/Melb - that is the only export industry in thoses states - ie to sell their childrens home ownership dreams to foreigners.

A disgrace.
35 Upvote

Reply

Top Stories

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

WA8

Warriedar aims for Ricciardo MRE upgrade on 'thick, high-grade' gold and antimony

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

First 2 Last