Checking the property price Source: Flickr/Henry Burrows
Chinese property buyers are the biggest group of offshore investors, having spent $24 billion in the year to June 2015. But many are now facing challenges of obtaining finance as the big four banks tighten their lending restrictions at a time when most Chinese buyers want to get their loans financed through Australian banks. How does the latest regulation work? Is tightening regulation an effective way to lower the risk on our heating property market? What other decisive factors are affecting our property market in the near future? Ivan interviewed financial planner Kam Yuen to give us the answers.
Chinese property buyers are the biggest group of offshore investors, having spent $24 billion in the year to June 2015. But many are now facing challenges of obtaining finance as the big four banks tighten their lending restrictions at a time when most Chinese buyers want to get their loans financed through Australian banks. How does the latest regulation work? Is tightening regulation an effective way to lower the risk on our heating property market? What other decisive factors are affecting our property market in the near future? Ivan interviewed financial planner Kam Yuen to give us the answers.
