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
$27.68 |
Change
-1.300(4.49%) |
Mkt cap ! $95.75B |
Open | High | Low | Value | Volume |
$28.17 | $28.17 | $27.51 | $233.8M | 8.416M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | $27.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$27.69 | 89033 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 27.660 |
3 | 5562 | 27.650 |
4 | 7306 | 27.600 |
1 | 724 | 27.590 |
1 | 1000 | 27.570 |
Price($) | Vol. | No. |
---|---|---|
27.690 | 1987 | 1 |
27.720 | 1094 | 1 |
27.730 | 10408 | 2 |
27.740 | 2932 | 1 |
27.750 | 12415 | 3 |
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