Top Chinese developer’s financial woes cast shadow over Australian property market

Massive housing estates on the fringes of Sydney and Melbourne could be affected as Country Garden shares plunge

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The financial problems of one of China's biggest property companies, Country Garden, could reverberate in the Australian property market, where its subsidiary Risland Australia is developing two massive housing estates on the fringes of Sydney and Melbourne.

Delays in the projects or a corporate failure would have significant impacts on the amount of new housing coming on to the market during a dire affordability crisis.

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