Banks caught in dodgy loans amid foreign property buyer bust

Monday, 9 May 2016

“In 2015 we really began to see Chinese buyers look seriously at Brisbane and the Gold Coast more than in the past,” RE/MAX Masters principal Robin Yu said.

“Education and lifestyle acquisition remained the main reasons for continued Chinese interests,” Juwai chief executive Charles Pittar said.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.