Chinese stocks fall - but surge in Chinese buying Australian Property-Real Estate
Chinese stocks fall - but surge in Chinese buying Australian Property-Real Estate
China’s stocks have fallen in the biggest slump among developers since 2008, after the Chinese Cabinet ordered more measures to cool property prices and after growth in the nation’s services industries slowed.
The Shanghai Composite Index slid 2.9 per cent in morning trade, while the CSI 300 Index lost 3.8 per cent to 2,568.21. China Vanke led a gauge of developers to the biggest tumble since June 2008 after the State Council urged higher down-payments and interest rates for second-home mortgages. China Minsheng Banking sank 4.8 per cent, pacing declines among lenders.
At the same time that these events are taking place in China, there is a huge number of Chinese nationals investing large sums of money in Australian Property-Real Estate. These purchases include Residential, Commercial, and Rural acquisitions with a constant pace of buying being maintained.
There is no doubt that the Chinese look upon Australia as a safe haven for their finances, their families future and education. The amount of confidence shown in these substantial property purchases are at the same time propping up a very thankful Australian real estate sector.
