No if, it is going to happen, China's property market will fall over the cliff, commodity prices especially iron ore will go with it, just as what happened in Japan in 1990s. majority of the 200,000 Chinese students in Australia will disappear. Australian Dollar and economy will suffer greatly in 5-10 years. Big four's borrowing cost will skyrocket so is the interest rate regardless the RBA offical rate. Countrys such as Vietnam ...etc will take over China's position as cheap labour manufacturing base and gradually commodity price will resume so as the property. same cycle starts again. Stupidity of human being? Nothing can be surer that whoever heavily leveraged up into property now are going to be the victims of the irresponsible spending of the younger generation australians in last 10 or more years.
