I don't care , although at the community level our society should care , we had something like 125k empty houses in Sydney in 2012 now it's double that number . if we import the Chinese ghost city concept into apartment towers it crushes the market , if you build inventory for buyers who desert the market it creates financial instability . it is also a significant money laundering exposure as there is no legislation in Australia that requires real estate agents , lawyers or accounts to report transactions . if you deposit 10k into a bank account the legislation requires the bank to report it to austrac , if you buy a 5m house though nothing's reported to anyone . I think creating a magnet for organised crime is an issue for the country . WRT to WBC , a disorderly market & risk process creates shareholder risk because it undermines financial stability . There is some very early evidence of forced sales and capital repatriation of western held assets of Chinese investors , if this accelerates it will mean many of these empty assets will be sold , this will undermine the credit risk assumptions of the entire banking system
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Last
$27.52 |
Change
-0.160(0.58%) |
Mkt cap ! $95.39B |
Open | High | Low | Value | Volume |
$27.54 | $27.59 | $27.42 | $128.8M | 4.682M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 21391 | $27.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$27.53 | 15339 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5928 | 27.510 |
1 | 500 | 27.480 |
1 | 10223 | 27.470 |
1 | 1960 | 27.460 |
7 | 15136 | 27.450 |
Price($) | Vol. | No. |
---|---|---|
27.530 | 15339 | 2 |
27.540 | 18511 | 1 |
27.550 | 4000 | 1 |
27.560 | 10223 | 1 |
27.570 | 2500 | 1 |
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