January 2017 – Who crashed the economy?

Chinese capital controls to put damper on Aussie property bubble

January 28, 2017 admin 46

China’s most recent capital controls, introduced on the 1st of January, are having an immediate effect, with fewer Chinese buyers able to purchase property abroad. From London to Melbourne, Vancouver to Sydney, Chinese citizens are struggling to close property transactions in some of the world’s largest property bubbles. International experts …

Australian Banks placed on Credit Watch Negative

January 17, 2017 admin 55

Credit rating agency Fitch has placed Australia’s banks on a negative credit watch, citing an increase in macro-economic risks stemming from the property asset bubble. Fitch indicated a key risk for the banking system was the banks’ exposure to the overheated property market. Of special concerned is strong increases in …