Surge in expat demand for high-end properties
Expats are bidding from New York, London, Hong Kong and Singapore. Safe house Aussies overseas are vying for exclusive digs at home. Demand from wealthy expat Australians for prestigious investment properties and homes has ‘‘exploded’’ because buyers believe the nation’s worldleading containment and management of COVID-19 make it a safer place to live.
Why Housing is very affordable
Australian Financial Review (Christopher Joye) Contrary to popular myth, there is no housing affordability crisis. Quite the opposite, in fact: housing has not been this affordable in a very long time. Indeed, Aussie house prices are surging precisely because residential property has suddenly become much cheaper than it used to be.
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