Property News · June 23, 2020

As China and Australia trade barbs on coronavirus and racism, property market joins list of casualties


The fraying relations between Beijing and Canberra are likely to worsen the Australian real estate market that relies on Chinese money for its recent vigour. For a start, the cost may be to the tune of A$715 million (US$494 million) by one estimate.The row over a host of issues, from the coronavirus pandemic to barley trade and alleged racism, will keep Chinese investors and students away from the market, analysts said, in a major blow to the Australian economy, as they account for the biggest…

Source : South China Morning Post
Read more…As China and Australia trade barbs on coronavirus and racism, property market joins list of casualties

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