Will The Australian Property Market Suffer from China's Evergrande Collapse?
This week Wealthi Co-founder, Peter Esho, joined me on the Wealthi Expat Podcast to discuss the impacts the Evergrande situation and China's economic slowdown may have on Australia.
A key point we discuss is around China’s mentality towards property investing, with a third of the Chinese population having invested their savings into real estate, the collapse of Evergrande has the potential to create an economic crisis for China's government, the real estate sector, and its people.
We note that Australia may feel a trickling wave of impact from China's economic fallout. Australia's reliance on the Chinese market for raw materials such as iron ore may increase Australia's price across construction, property, and raw materials. Peter also shares the key learnings that every investor can take away from the Evergrande situation and the importance of managing debt risks.
I hope you enjoy this week’s episode of Wealthi Expat and take some valuable points away from our discussion. If you have questions or would like to have a general chat about the Australian real estate market, please feel free to send me a message.