Chinese Demand for Aussie Mortgages Boosts Macquarie Firm

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

Yellow Brick Road Holdings Ltd., 18.4 percent owned by Macquarie, lent A$320 million ($281 million) to Chinese investors out of a total A$1.1 billion in disbursements last month, Mark Bouris said yesterday in Sydney. The proportion of Chinese borrowers has doubled in the past year, he said.