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With $27 trillion in savings, Chinese are set to change the world as China opens its capital borders; Mass net outflows could stoke asset prices by depressing long-term borrowing costs
Topic Started: 26 Jun 2015, 07:01 PM (3,763 Views)
Rainbow
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Australias entering a golden decade, for asset holders

unemployment rate falling and jobs ads rising
house prices rising in sydney melb, brisbane, adelaide, rents rising there too
low rental vacancy rates sub 2%
interest rates will stay low for a decade
unprecedented foreign demand for our assets
enormous flood of money from china, trillions and trillions of dollars headed our way
auction clearances 80% +++

whats the best rebuttal the bears come up with, oh wages arent rising as fast as they were before and the iron ore price fell and oh look heres a house in fucking port hedland that crashed

whoopdedoo

BP is right its the transmutation and if your not on the ladder already your screwed, you can live a life of impoverished servitude to your landlord, or swallow your pride and buy before its too late
Edited by Rainbow, 27 Jun 2015, 11:52 AM.
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China capital flows could reach $US400b, says RBA's Glenn Stevens

July 30, 2015 - 3:19PM , Michael Heath

Reserve Bank governor Glenn Stevens says capital flows in and out of China could reach $US400 billion a year and has urged Asia to develop its financial markets to absorb the potential influx..

Speaking at the Boao Forum for Asia in Sydney Thursday, Mr Stevens said China's plan to free up its financial markets was a "big challenge" for the region, but one that would bring "considerable benefits" to Chinese savers and international investors.

"If you thought that possibly the size of portfolio flows in and out of China might be the same size relative to China's GDP as such flows are around the rest of Asia, then those flows are going to end up being much, much bigger than they are right now," Mr Stevens said. "They could end up being something of the order of $US400 billion a year."

China's next reform wave focuses on freeing up interest rates, allowing wider currency moves, and loosening restrictions on international money flows. The aim is to make the world's second-largest economy a more efficient one, where money gets to its most productive areas.

"The size of the potential capital flows here may be very large," Mr Stevens said, adding that it's very hard to predict how big they'll be.

Read more: http://www.smh.com.au/business/the-economy/china-capital-flows-could-reach-us400b-says-rbas-glenn-stevens-20150730-ginvc6.html
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One of China's biggest bears is out with this incredibly bullish call

China’s Shanghai Composite may rally to 8,000 points, or more than 100%, over the next 18 months.

No, it’s not a call from a retail investor in rural China, nor that from the head of China’s stock market regulator, the CSRC. It’s from John Carnes, an investor who has made his fortune through being a China bear, aggressively shorting Chinese listed firms.

The 41-year-old is deemed to be the most successful short-seller of the 28 tracked by Activist Shorts, a website that analyses performance based on bearish research.

Carnes manages around $10 million of private funds from friends and family. While a relatively small amount of money it must be noted that he does not accept funds from external investors, and started with just $3,000 back in 1992.

Anyone who’s traded for themselves would understand that’s no mean feat.

For Carnes, the basis behind his bullish call is simple.

Investors are fearful of missing out, or FOMO, when it comes to making a fortune out of the nation’s stock market.

They watched stocks surge by as much as 150% in a little over six months, hitting a fresh seven-year high in the process, and they don’t want to miss out on the next leg of the rally, presuming it arrives, of course.

“A lot of people missed out on the bull market”, said Carnes in an interview with Bloomberg, adding “this violent correction is a huge buying opportunity for them.”

He points out that household wealth in China surged to an estimated $21 trillion last year, with most of that tied up in property, bank deposits and unlisted businesses.

Stocks, in his opinion, are one asset class that will benefit from the increased levels of wealth. Certainly, compared to more developed nations, Chinese households underinvested in stocks.

According to the latest China Household Finance Survey conducted in the June quarter of 2015, only 8.8% of survey respondents indicated that they were invested in shares.

To Carnes, that’s bullish for future gains in the nation’s stock market.

“There’s tons and tons of money in China, and that money has to go someplace. I don’t think giant bull markets like this end that quickly”.

Posted Image

Read more: http://www.businessinsider.com.au/one-of-chinas-biggest-bears-is-out-with-this-incredibly-bullish-call-2015-7
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Mike
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A friend of mine just sold 12 units to a cash buyer from Indonesia. They are not Chinese so it is not only China getting in on the party. Not bad just after you finish building 12 units, you get a cash buyer who buys the lot for $4.5 million and only asked for a 2% discount on the advertised price.

Another friend sold a triplex site, new construction to a Japanese buyer who paid more then what you would get from a local buyer.

These are all in Perth and over the last 2 months.

Some developers I know are marketing there dwellings over seas first at much higher prices then they can get locally. Only if they do not secure overseas sales do they then advertise locally and reduce the price to the market price locals will pay.

This is certainly an increasing trend, 2 years ago I barely heard of this in Perth, now it is appearing everywhere.

This could help explain while the local economy has slowed due the mining boom ending, but property prices remain the same with hardly any falls anywhere. It may be that overseas buyers are buying while Australians hold back or are unable to buy.

http://mike-globaleconomy.blogspot.com.au/
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newjez
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Rainbow
27 Jun 2015, 11:51 AM
Australias entering a golden decade, for asset holders

unemployment rate falling and jobs ads rising
house prices rising in sydney melb, brisbane, adelaide, rents rising there too
low rental vacancy rates sub 2%
interest rates will stay low for a decade
unprecedented foreign demand for our assets
enormous flood of money from china, trillions and trillions of dollars headed our way
auction clearances 80% +++

whats the best rebuttal the bears come up with, oh wages arent rising as fast as they were before and the iron ore price fell and oh look heres a house in fucking port hedland that crashed

whoopdedoo

BP is right its the transmutation and if your not on the ladder already your screwed, you can live a life of impoverished servitude to your landlord, or swallow your pride and buy before its too late
Yes, I do expect the above to behave like gold. Top post.
Mike
31 Jul 2015, 12:14 PM
A friend of mine just sold 12 units to a cash buyer from Indonesia. They are not Chinese so it is not only China getting in on the party. Not bad just after you finish building 12 units, you get a cash buyer who buys the lot for $4.5 million and only asked for a 2% discount on the advertised price.

Another friend sold a triplex site, new construction to a Japanese buyer who paid more then what you would get from a local buyer.

These are all in Perth and over the last 2 months.

Some developers I know are marketing there dwellings over seas first at much higher prices then they can get locally. Only if they do not secure overseas sales do they then advertise locally and reduce the price to the market price locals will pay.

This is certainly an increasing trend, 2 years ago I barely heard of this in Perth, now it is appearing everywhere.

This could help explain while the local economy has slowed due the mining boom ending, but property prices remain the same with hardly any falls anywhere. It may be that overseas buyers are buying while Australians hold back or are unable to buy.

Rented a house in 2002 of an Indonesian who lived in Indonesia. Just saying.
Edited by newjez, 31 Jul 2015, 01:26 PM.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Foxy
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Zero is coming...

Mike
31 Jul 2015, 12:14 PM
A friend of mine just sold 12 units to a cash buyer from Indonesia. They are not Chinese so it is not only China getting in on the party. Not bad just after you finish building 12 units, you get a cash buyer who buys the lot for $4.5 million and only asked for a 2% discount on the advertised price.

Another friend sold a triplex site, new construction to a Japanese buyer who paid more then what you would get from a local buyer.

These are all in Perth and over the last 2 months.

Some developers I know are marketing there dwellings over seas first at much higher prices then they can get locally. Only if they do not secure overseas sales do they then advertise locally and reduce the price to the market price locals will pay.

This is certainly an increasing trend, 2 years ago I barely heard of this in Perth, now it is appearing everywhere.

This could help explain while the local economy has slowed due the mining boom ending, but property prices remain the same with hardly any falls anywhere. It may be that overseas buyers are buying while Australians hold back or are unable to buy.

Very interesting.

Peter

I have a unit development site in Highgate, 1113m2, i notice cranes in my area now.

Highrise seems to be the way to go.

Peter
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It’s Chinese buying season: here’s where they’re looking and what they want
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