China's property bubble will soon burst, wiping out rich Chinese savings so they stop bidding up Australian and other foreign real estate (inferred window about two years, to early 2016).
Inaccurate ●●●●●
“I think the rich Chinese have all their money in real estate, both at home and abroad, and they are going to get hosed so bad their savings will dissipate and they are not going to be running around bidding up real estate in Australia or anywhere else.”
- Said on
- 17 February 2014 · Interview with InvestorDaily during a 2014 visit to Australia, reported by The Adviser; he called China "the biggest bubble I have ever seen" and said it was set to burst. No date given; window inferred as about two years ("set to burst" = soon).
- Source
- US doom merchant forecasts Australian property crash · The Adviser
- Should come true
- by 2016
- How sure they sounded
- I think; are going to
- Categories
- EconomyMarkets
- Importance
- 3 of 5 · A Chinese property crash would matter to China's economy and to property markets like Australia's.
Outcome
Inaccurate
No window was given; "set to burst" implies about two years (to early 2016). Instead Chinese buyers kept bidding up Australian property, with China the largest source of FIRB-approved foreign real estate investment (A$31.9bn in 2015-16). China's property slump came only from 2021, a later and weaker version than savings that "dissipate", so not scored late.
- https://www.bloomberg.com/news/articles/2016-04-11/chinese-buyers-double-their-aussie-property-investments-again
- https://urban.com.au/news/chinese-continue-to-dominate-foreign-investment-in-real-estate-firb-data
History
- 2026-10-17 05:52:49 · created by claude
- 2026-10-17 05:52:49 · categorized by claude
- 2026-10-17 05:53:12 · scored by claude