Australian newspapers don't talk much about to whom the national debt is owed. However, when it comes to real estate price bubbles, they're aware of the Chinese influence which has propped up the market. I feel sorry for anyone who's going to lose a significant amount of wealth when the market crashes and prices drop by around 70% (according to Steve Keen).
From what I am aware of the wealthy Chinese usually buy properties outside China because its so expensive in Mainland and it is not freehold. and they treat it as investment to live outside China since "the grass is always greener on the other side". Perhaps what Australia gov can do is setting a limit on the market, or else the Chinese will definitely take advantage of the market since money is not an issue for them, only the rich will consider investing abroad
Australian newspapers don't talk much about to whom the national debt is owed. However, when it comes to real estate price bubbles, they're aware of the Chinese influence which has propped up the market. I feel sorry for anyone who's going to lose a significant amount of wealth when the market crashes and prices drop by around 70% (according to Steve Keen).
From what I am aware of the wealthy Chinese usually buy properties outside China because its so expensive in Mainland and it is not freehold. and they treat it as investment to live outside China since "the grass is always greener on the other side". Perhaps what Australia gov can do is setting a limit on the market, or else the Chinese will definitely take advantage of the market since money is not an issue for them, only the rich will consider investing abroad