Prop­erty ap­peal up

Townsville Bulletin - - NEWS -

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”.

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