The Bondi house that China built

The importance of Chinese capital to local property construction is growing, but governments can take other, easy steps to boost the industry.

Around the non-mining economy I am finding commercial building struggling and a number of building contractors are going the wall. I was talking to a close associate of one medium sized but substantial building contractors yesterday, and found that the builder’s banker was playing hardball on bank guarantees – an essential part of winning the limited number of tenders available.

Banks deny that they are playing hardball with business but that’s not what my construction mates are experiencing.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles