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Aussi banks in chinese horror story!, page-2

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waldo1

1,852 Posts.

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02/04/16

18:27

Post #: 17408155
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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!

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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.
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