Paging the RBA! Attention RBA!
One of the less amusing features of the unwinding property cycle is the invisible Chinese dimension. This is becoming a serious issue. Indeed it’s possible that it the key driver of property price falls yet it is ignored and invisible. After all, the boom in Chinese inflows was ignored and invisible so what not the bust?
To the evidence. NAB’s quarterly real estate professionals survey is a perfect analogue for the property price boom and bust:\