I don't care , although at the community level our society...

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