One thought on “MELBOURNE HOME BUYERS FORCED TO THE FRINGE”
I believe Melbourne and Sydney property is being advertised across China guaranteeing spectacular returns.
The target demographic are apparently ordinary Chinese families eager to get rich quick using cheap, borrowed money.
Canadian Garth Turner’s ‘Greater Fool’ blog covered such advertising in China flogging Canadian Real Estate. Both the Australian and Canadian property sector sing from the same song sheet, so you can be sure the same techniques are being applied to Aussie property.
Imagine the impact of a black swan event causing the Chinese to liquidate their Aussie investments.
I believe Melbourne and Sydney property is being advertised across China guaranteeing spectacular returns.
The target demographic are apparently ordinary Chinese families eager to get rich quick using cheap, borrowed money.
Canadian Garth Turner’s ‘Greater Fool’ blog covered such advertising in China flogging Canadian Real Estate. Both the Australian and Canadian property sector sing from the same song sheet, so you can be sure the same techniques are being applied to Aussie property.
Imagine the impact of a black swan event causing the Chinese to liquidate their Aussie investments.