China Is Stumbling Into Its Own Destabilising Mortgage Disaster
The Chinese authorities’ drift on managing bad debts feels eerily like the impending subprime crisis in 2008.
The Chinese authorities’ drift on managing bad debts feels eerily like the impending subprime crisis in 2008.
Critics question why Hostplus was crowned Australia’s best balanced superannuation fund over one and 10 years, saying the rankings rely on unpublished valuations of unlisted assets akin to ‘‘marking your own homework’’.
The recovery in property prices, led by surging population growth and a severe housing shortage, could prove short-lived if unemployment rises and the Reserve Bank keeps the cash rate high, economists warn.
Australian households are yet to feel the full impact from the Reserve Bank’s tightening cycle on mortgage repayments, with economists tipping the first half of 2024.