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
$30.86 |
Change
-0.040(0.13%) |
Mkt cap ! $106.2B |
Open | High | Low | Value | Volume |
$30.85 | $30.93 | $30.67 | $118.6M | 3.846M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3114 | $30.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$30.90 | 2624 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17 | 30.840 |
3 | 11474 | 30.800 |
1 | 500 | 30.710 |
7 | 2907 | 30.700 |
2 | 20000 | 30.690 |
Price($) | Vol. | No. |
---|---|---|
30.900 | 1624 | 1 |
30.930 | 372 | 1 |
30.940 | 650 | 2 |
30.950 | 1000 | 1 |
30.970 | 666 | 1 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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