PingAn Insurance is one of China's biggest financial institutions if offering zero-deposit home loans for off-the-plan apartments in parts of Australia
- PingAn and property marketing group Austpac are offering Chinese investors the zero-down-payment option for apartments in Melbourne's West Brunswick and Hope Island on the Gold Coast
- The banking division of PingAn Insurance was spruiking the loans to Chinese investors at a conference in Shanghai last week
Australian Financial Review has more
This as Australian lenders are tightening lending standards, such as hiking deposit requirements.
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Yo, what's the phone number for PingAn? ;-)
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Oh, I'm not sure about the Gold Coast development but if anyone wants to join me in buying in West Brunswick, Melbourne; you'll need a beard, man-bun (or at least a top-knot) and a 'fixie' bike.
