Agree, reinsurance would probably be more expensive if done in current environment. But lesson from last GFC was that housing price in terms of Chinese yuan was actually cheaper, as AUD dropped. With local price and AUD now is dropping at the same time, I would expect house prices to pick up dramatically after COVID as Chinese buyers comes back into the market. As long as the Chinese economy is in tact, I'm don't think the Aus market would be down for a long time.
Ann: Appendix 3Y - Duncan West, page-20
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Last
$4.10 |
Change
0.110(2.76%) |
Mkt cap ! $1.187B | |||
| Open | High | Low | Value | Volume |
| $4.07 | $4.15 | $4.06 | $6.313M | 1.537M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 41107 | $4.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.13 | 26377 | 3 |
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