In 2005, the Chinese property bubble started with a boom. Today, nearly 30% of the entire GDP of China comes from the real estate sector which is highest in the world in terms of financial volumes.
Everyone knows we have a housing crisis – rents are spiralling, homelessness is growing and more and more of our income is going towards keeping a roof over our heads. But did you know that on any given night more than a million homes in Australia sit empty? That’s more than 10 per cent of Australia’s housing stock. The shortage is not in homes, but in affordable homes.