china deval ....., page-3

"makes "aussie property" more expensive .......and may "remove" the china buyer ....."

Completely not true. Aussie dollar is down more heavy than devalue of Chinese currency. This will make Aussie properties more attractive to O/S buyers.

Also you must remember overseas buyers include Americans, NZ & UK. Chinese buyers account LESS than those overseas buyers. USA, NZ & UK will have stronger currencies (against Aussie).

Further, weaker Chinese currency means their economy is extremely weak. This may explain why Nickel & Zinc (consumable metals) are weak and industrial metals (Copper and Iron) too.

If this leads to current war than we will have global DEFLATIONARY-RECESSION (a very deadly combination). It is very hard to get out of deflation.

Just IMHO.