Property appeal up

THE declining Australian dollar is expected to make Australian housing even more attractive to foreign buyers. CoreLogic RP Data senior research analyst Cameron Kusher says housing is looking expensive to many Australians, particularly in Sydney and Melbourne, but not so for foreign buyers. He said the decline in the Australian dollar has made Australian housing even more attractive for offshore buyers, particularly for markets like China, Singapore and Hong Kong where investors may be looking to “park their money somewhere else”.