There is a lot of hope amongst australian property investors that china will continue to grow and purchase our resources thus assisting the strength in the Australian 2 speed economy.
I have news for you.
1. China has no loyalty to any country except china.
2. China is increasingly buying controlling interests and partnerships in mines in South america and Africa, where cost of production of commodities are a fraction of what we charge here.
3. In the next couple of years when more production comes online, there will be major issues for Australian mines supplying China, as they are likely to be squeezed by the chinese interests.
When we stop being able to sell what we have in the ground at the RATE we are selling it at the moment, What will we sell then?
The Australian property bull market is into its SIXTH decade, possibly longer as I have not looked at prices before 1966.
