Chinese demand for loans lifts Aussie firm

Sydney

ALMOST a third of the home loans written in September by a mortgage provider part-owned by Macquarie Group were to Chinese investors, the chairman of the firm said.

Yellow Brick Road Holdings, 18.4 per cent owned by Macquarie, lent A$320 million (S$359 million) to Chinese investors out of a total A$1.1 billion in disbursements last month, Mark Bouris said on Tuesday in Sydney. The proportion of Chinese borrowers has doubled in the past year, he said.