Impact Of China 's Economic Impact On Australian Property

The Chinese and Australia economies have many similarities and differences, including the size of the economies, growth rates, unemployment, inequality, standard of living, environmental issues and the roles the different governments have in influencing and modifying these factors of the economy.

China has, for a sustained period of time, been one of Australia's most important trade and economic partners. But this has not always been the case. Since the late 1970s China has moved from a closed, internal focused economy to more of a global market oriented one that plays a major part in other nations economies, like Australia's. Although China is technically a Socialist nation, market capitalism is actively encouraged, much the same as in Australia. In 2010 China became the world's largest exporter, with exports ranging from natural resources to manufactured goods. (CIA-World fact book) Australia's economy, in this sense, differs from that of China's. As Australia is simply too expensive to manufacture goods ("Holden, Ford,

Australia and China adopt very different economic systems in order to cater the best for their society. However, Australia's economic system is more successful than China's and, due to the writer's right-wing value system, will be measured in terms of environmental efficiency, labour and entrepreneurial resource efficiency and the standard of living.

Australia and China are two countries located in the southern and northern hemispheres respectively. They are both very important and major international exporters across the globe. Australian exports reached an all time high of A$29,970 million in February of 2014, this is a gain of A$120 million from the previous year. Australia’s natural resources are one of its main exports as Australia is so rich in its natural resources such as bauxite, coal, copper, tin, gold, iron ore, silver, uranium, tungsten, nickel, lead, zinc, diamonds, mineral sands, natural gas and petroleum.

Today I 'm going to be comparing and contrasting Australia to China economy by economic growth and quality of life, employment, and unemployment, distribution of income and environmental sustainability.

Australia has a long history of large and persistent current account deficits. During the 1960s the current account deficit averaged the equivalent of 2 per cent of gross domestic product. The CAD rose considerably, due to the floating of the Australian dollar and the opening of the capital account in 1980s, and by 1990s CAD has sustained around an average of about 4.5 per cent of GDP. However, in recent years the deficit has been falling and in 2011 it was just 2.25 per cent.

The question selected for this research paper has been a thought of many property professionals, particularly over the past few years as more and more foreigners enter the Australian property market. This research paper will broadly help the greater community and directly influence the typical Australian property investor who will benefit through further understanding the positive and negative impacts of foreign investment, further more:

The Fall Of Singapore was a devastating loss for the British Empire in WWII. As a result of this battle repercussions were felt by Australia. The Fall Of Singapore occurred on the 15th of February 1942, it was the end of the Malayan Campaign, which started on the 8th of December 1941. This campaign lasted for 68 days and left a significant legacy for everyone involved and many others. (Daily Mercury, 2012)

In the last few decades, the number of immigrants has increased in Australia. The department of immigration started in 1945 and about 7000,000 immigrants have moved to Australia. The recent data showed that almost 23.9% of Australian residents were born aboard according to Department of Immigration and Citizenship (2008). Nearly 43 percent of residents were born aboard (Australian Bureau of Statistics, 2012). In addition, 2.8% of the world's immigrants lived in Australia, while only 0.3% of the world's population lived in Australia (UNDESA, 2013). Because of the huge number of immigrants’ Australian government set programmes to control the increase, which are integrating immigrants into its society and focusing on skilled migrants. This essay will examine how immigration is an advantage to Australia in terms of the integration program of immigrants in Australian society and the economic benefits for skilled immigrants.

Many products we use today are made in China. Trade between Australia and China has heightened in the last couple of years. China has one of the world’s largest economies. It has an increasing role in shaping the world economy, accounting for a third of the increase in the world’s gross domestic product and imports for the period 2000 to 2003 (The Economist 2004). It is also home to a population of 1.3 billion inhabitants, consuming a variety of goods from food items to luxury commodities, toys, clothing, gifts, most car parts and many more things Australia benefits from. For non-agricultural goods, Australian import tariffs are generally low. The most notable exceptions are on motor vehicles and textiles, clothing and footwear imports.

The Australian economy is reliant on three key sectors: services, housing, and mining. The services sector employs the largest percentages of Australians – around 80 percent – and is responsible for approximately 70 percent of the country’s GDP (Australian Bureau of Statistics, 2010). With jobs in a variety of specific industries, this sector drives the success of the Australian economy. The housing sector is experiencing unprecedented growth leading to concerns over a potential asset bubble. An increase in the amount

Recently, The Australian housing market has been growing rapidly which reflects the housing affordability crisis as the housing price rises much quickly than household incomes. There are two key observations of current Australian housing market from Yates, firstly today’s housing affordability problem is mainly a structural problem and intensified by cyclical pressures. It began 40 years ago when inflation switched focus on housing, besides, there are more renters than purchasers under today’s housing stress situation, and the housing

I shall look into details how policies in the public and private housing market and the immigration policies affects the private market, despite property prices steadily increasing, the private property market in Singapore continues to boom. There are many factors that play a role in this drastic demand for private property

China is one of the major economical players in today’s international market. China’s economy is the “seconds largest in the world after the United States” (Joseph, 63). This is a striking achievement due to fact that China is a “developing country”. China has achieved a great amount of success through the collaboration of political and economical regimes. The economical growth in China led to “one of the biggest improvements in human welfare anywhere at anytime” (Kristof, 15). Currently, China is experiencing a real-estate bubble. This eventually will hit a climax, disrupting the real-estate market within China. This real estate bubble that China is undergoing is considered one of the "biggest housing

Market share in the real estate business in Singapore is mainly capitalized by few big players such as City Development Limited, CapitaLand and Keppel Land. If any multi-national real estate company approaches to invest here, they will be restricted to a marginal shareholding in the new companies. A new entrant will be therefore a private Singaporean company, and as such the barriers to entry is high in the real estate business.