I suspect Chinese property is going to have a very vary hard landing. Shenzhen property prices are similar to Sydney and the fundamentals do not support that.
As to the coming property boom in Australia, I would be interested in where spruikers think is the right price to income ratio? If Sydney is currently 10, is 15 or 20 the right number? Where do interest rates need to be to support that number. Will our banking system which is highly regulated be allowed to support such price so will the RBA bring in fiscal policy to address the bubble.
