China’s economy slows further. The End of 30Yrs of AU mining prosperity and property market.[APS052]

✅please subscribe to our channel ‘Invest in real estate with Alex’ 👉soon to come, property basics PDF 👉soon to come, property investment Master Class V5.0 --------------------------------------------------- Email: info@ Follow me on social media @realcoachalex For the Latest Property Trends For my Personal Posts If you like short videos @realcoachalex [Australian Real Estate] China’s economy and real estate sector are going through a harsh winter! Australia’s economy faces structural changes, and the 30-year mining boom has ended. Will the Australian real estate market be affected? [Australian Property Strategy 316] China is currently experiencing an economic winter characterised by a shrinking population, an aging problem, high unemployment rates, and a sharp decline in foreign direct investment (FDI). In light of the real estate crisis in China, highlighted by Evergrande’s bankruptcy, people are choosing not to buy homes, and developers are not purchasing land. Apart from China’s economy, Australia’s will have a direct impact. China’s steel production accounts for more than half of the world’s total output, surpassing the combined total of the next 9 largest producers. Of the steel used domestically in China, one-third goes into residential construction. This is where the connection to Australia’s economy comes in: 60% of the iron ore used in China’s steel production is sourced from Australia, and 85% of Australia’s iron ore exports go to China. In 2023 alone, this trade brought Australia 105 billion dollars. If the Reserve Bank of Australia’s (RBA) estimate holds true, and by 2050, the amount of steel used in China’s construction sector drops to one-sixth of what it was in 2019, the iron ore exports that have been a cornerstone of Australia’s GDP and government revenue could completely dry up. Does this mark the End of Australia’s 30-year mining boom? Has Australia’s economy entered an entirely new cycle? And will the Australian real estate market face a ripple effect, leading it into an era of slow growth? 00:00 China’s economy slows further. 01:21 Australia’s Economy is Directly Linked to China 03:18 Four Declines in China’s Housing Prices Over the Past 20 Years 03:37 The First Major Decline 04:39 The Second Major Decline 06:25 The Third Major Decline 07:24 The Fourth Major Decline 07:24 Nine Key Reasons for the Decline of China’s Real Estate Market 12:36 Australians Face 20 Years of Higher Taxes and Increased Debt 14:19 The Future of Australia’s Real Estate Market --------------------------------------------------- Disclaimer This channel and its publication contain information about property investment and or the property itself. The information is acquired from trusted sources and is not advice, and should not be treated as such. You must not rely on the information on the website and or in the publication as an alternative to legal, financial, taxation, and accountancy advice from an appropriately qualified professional. If you have any specific questions about any legal, financial, taxation, and accountancy matter you should consult an appropriately qualified professional. To the maximum extent permitted by applicable law, we exclude all representations, warranties, undertakings, and guarantees relating to the content on the website and in the publication. Without prejudice to the generality of the foregoing paragraph, we do not represent, warrant, undertake or guarantee: that the information on the website and or in the publication is correct, accurate, complete, or non-misleading; that the use of the guidance on the website and or in the publication will lead to any particular outcome or result; or in particular, that by using the information on the website and or the guidance in the publication you will receive investment return. The content is not designed to promote any financial product or influence anyone to make a financial investment decision accordingly. DO NOT buy, sell or not to buy, sell any Australian financial product or service that needs an AFSL, just because somehow you are influenced by our content.