Zero deposit loans for Chinese investors in Australian property market | afr.com

From Angus Grigg:

One of China’s biggest financial institutions is offering zero-deposit home loans for off-the-plan apartments in Melbourne and the Gold Coast, a practice at odds with efforts by Australian regulators to tighten lending standards and cool the property market….

The RBA must be viewing this with alarm. The property bubble is one Chinese export Australia does not want to reach these shores.

Read more at Zero deposit loans for Chinese investors to spur Australian property market | afr.com