Highrise Harry performs Chinese property buyer rain dance

Thursday, 21 March 2019

Via Gottiboff today:

Triguboff declared: “The market has definitely stabilised in Sydney. All those people talking about how much it will drop are wrong. In fact, it is improving very slowly.”

…Triguboff says the Chinese have found a way around the problem and “are organising their finance with or without our banks. In many cases they are gaining 10-year fixed loans”.

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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.