US economy is so strong - if you believe it.

[winnipegjets]

https://www.cnbc.com/2020/05/27/mortgage-demand-from-homebuyers-shows-strong-and-quick-recovery.html

 

[winnipegjets]

https://www.cnbc.com/2020/05/27/boeing-to-begin-laying-off-thousands-of-employees-this-week.html

Who is buying the houses then?

 

[syed putra]

https://www.cnbc.com/2020/05/27/boeing-to-begin-laying-off-thousands-of-employees-this-week.html

Who is buying the houses then?

Chinese. They dump the virus, screw the economy and after all that, buy homes for peanuts. Ho ching should learn from this.

• finance
• real estate
• buying

Chinese buyers flooding back in to snap up Aussie property as prices fall due to COVID-19 crisis
Chinese buyers are rushing back into the Australian property market as prices fall due to the coronavirus crisis, experts say.

Staff writers
294 comments
news.com.auMAY 12, 20209:46PM

• Video
• Image

NEWS.COM.AU1:41 On-site auctions return to NSW

In New South Wales, COVID-19 restrictions have been lifted on real estate, with house hunters finally given the green light to attend inspections...



Chinese buyers are rushing back into the Australian property market as prices fall and the Australian dollar takes a beating due to the coronavirus crisis, industry experts say.
Prices have fallen by around 10 per cent since the start of the crisis in some places, with some predicting falls of up to 30 per cent as unemployment rises into the double digits for the first time in decades.
"A lot of the mainland Chinese are seeing this as an opportunity to exploit a great deal because that's what they're going to see in the property market in the next six months," real estate industry adviser Robert Klaric told Nine’s A Current Affair.
“What we'll see is the wealthy mainland Chinese will look towards Australia now to secure their wealth, and secure their health.”
He added, “They have a lifestyle here, they have freedom and they can protect their wealth from the Chinese Communist Party.”
Property prices and consumer sentiment have been affected by the COVID-19 pandemic, particularly in major cities like Melbourne and Sydney where demand is driven by overseas investment.
However some, such as investment expert Richard Sheppard, believe prices in areas like Sydney won’t go any lower.

 

[winnipegjets]

Chinese. They dump the virus, screw the economy and after all that, buy homes for peanuts. Ho ching should learn from this.

• finance
• real estate
• buying

Chinese buyers flooding back in to snap up Aussie property as prices fall due to COVID-19 crisis
Chinese buyers are rushing back into the Australian property market as prices fall due to the coronavirus crisis, experts say.

Staff writers
294 comments
news.com.auMAY 12, 20209:46PM

• Video
• Image

NEWS.COM.AU1:41 On-site auctions return to NSW

In New South Wales, COVID-19 restrictions have been lifted on real estate, with house hunters finally given the green light to attend inspections...



Chinese buyers are rushing back into the Australian property market as prices fall and the Australian dollar takes a beating due to the coronavirus crisis, industry experts say.
Prices have fallen by around 10 per cent since the start of the crisis in some places, with some predicting falls of up to 30 per cent as unemployment rises into the double digits for the first time in decades.
"A lot of the mainland Chinese are seeing this as an opportunity to exploit a great deal because that's what they're going to see in the property market in the next six months," real estate industry adviser Robert Klaric told Nine’s A Current Affair.
“What we'll see is the wealthy mainland Chinese will look towards Australia now to secure their wealth, and secure their health.”
He added, “They have a lifestyle here, they have freedom and they can protect their wealth from the Chinese Communist Party.”
Property prices and consumer sentiment have been affected by the COVID-19 pandemic, particularly in major cities like Melbourne and Sydney where demand is driven by overseas investment.
However some, such as investment expert Richard Sheppard, believe prices in areas like Sydney won’t go any lower.

These are dumb Chinese. They are not welcome in Australia. Soon, they will have to sell those properties at a loss.