{"id":14882,"date":"2017-02-27T20:26:15","date_gmt":"2017-02-28T01:26:15","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=14882"},"modified":"2017-02-27T20:26:15","modified_gmt":"2017-02-28T01:26:15","slug":"chinese-real-estate-bubble-slows","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2017\/02\/27\/chinese-real-estate-bubble-slows\/","title":{"rendered":"Chinese real estate bubble “slows”"},"content":{"rendered":"

Elliot Clarke at Westpac<\/a> reports that home price growth in tier-1 cities “slowed materially” in January 2017:<\/p>\n

From 29%yr in September 2016, tier-1 new home price growth has slowed to 23%yr. Similarly for the tier-1 secondary market, price momentum has slowed from 33%yr to 26%yr since September.<\/p><\/blockquote>\n

Tier-2 and tier-3 cities have far lower annual growth rates: 12% and 9% respectively for new homes and 9% and 6% for existing dwellings.<\/p>\n

When we compare tier-1 price growth to Sydney and Melbourne, the Chinese bubble is in a different league. From CoreLogic<\/a>: “Sydney home prices surged 15.5 per cent and Melbourne’s 13.7 per cent over the year [2016]”.<\/p>\n

It is hard to imagine a soft landing when property prices have been growing at 30% a year.<\/p>\n

Even 15%….<\/p>\n","protected":false},"excerpt":{"rendered":"

Elliot Clarke at Westpac reports that home price growth in tier-1 cities “slowed materially” in January 2017: From 29%yr in September 2016, tier-1 new home price growth has slowed to 23%yr. Similarly for the tier-1 secondary market, price momentum has slowed from 33%yr to 26%yr since September. Tier-2 and tier-3 cities have far lower annual … <\/p>\n

Continue reading “Chinese real estate bubble “slows””<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41,10],"tags":[509,663,1732],"class_list":["post-14882","post","type-post","status-publish","format-standard","hentry","category-china-hk","category-housing-economy","tag-bubble","tag-china","tag-housing"],"yoast_head":"\nChinese real estate bubble "slows" - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese real estate bubble "slows" - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Elliot Clarke at Westpac reports that home price growth in tier-1 cities “slowed materially” in January 2017: From 29%yr in September 2016, tier-1 new home price growth has slowed to 23%yr. 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Prosper Australia has provided a submission to the Senate Inquiry into Housing Affordability, which is well worth a look. The submission first provides nine metrics illustrating Australia\u2019s residential property bubble, which include the following: It took forty years\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ScreenHunter_18 Jul. 05 10.22","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2014\/03\/ScreenHunter_18-Jul.-05-10.22-200x200.gif?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":16340,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/06\/09\/12-charts-on-the-australian-economy\/","url_meta":{"origin":14882,"position":1},"title":"12 Charts on the Australian economy","author":"Colin Twiggs","date":"June 9, 2018","format":false,"excerpt":"Australian GDP grew at a robust 3.1% for the year ended 31 March 2018 but a look at the broader economy shows little to cheer about. 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