China's Australian property investment strong but could start to slow
Slower growth in China doesn't mean less investments in Australia Australia's cooling housing market did not stop Chinese property investor inquiries jumping 87 per cent in 2015, new data from online property giant Juwai.com show.In the most targeted market of Sydney, Chinese buyers set their sights on Waterloo, Bankstown, central Sydney and Turramurra. In Melbourne, they focused on Brighton, Port Melbourne, South Yarra and Surrey Hills.Chinese buyers ..>> view originalGreg Lippmann, 'Big Short' trader, wants to finance your wedding
Greg Lippmann, made famous for amassing a fortune by betting against subprime mortgages in the run-up to the financial crisis, is now wagering on a different kind of finance: wedding loans.Lippmann's hedge-fund firm LibreMax Capital has agreed to buy loans made by Promise Financial, an online lender specialising in helping couples pay for the many costs involved in their big day, said Promise's co-founders, Josh Jersey and Bradley Vanderstarren.Lippmann, whose exploits were chronicled in Michae..>> view originalRBA joins race to the interest rate bottom
Philip Lowe, assistant governor (Economic), of the Reserve Bank of Australia (RBA) gives an address to the Urban Development Institute of Australia (UDIA) National Congress 2010 in Sydney, Australia, on Wednesday, Mar. 10, 2010. Photographer: Ian Waldie/Bloomberg Ian Waldie Australians must urgently confront the danger that the Reserve Bank of Australia is nearing the very limits of its powers and risks stumbling into the same zero-interest rat..>> view original
Saturday, May 7, 2016
China's Australian property investment strong but could start to slow and other top stories.
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