How the collapse of Evergrande could impact Australia’s property market

Commentators weighed the possible consequences for Australian property of the financial troubles at Chinese developer Evergrande, which carried about US$300 billion in liabilities. Concerns centred on construction input costs tied to weaker iron ore demand and on inner city rental markets that depend on Chinese students and migrants, although analysts cautioned the company’s problems should be judged in a Chinese rather than an Australian context.