Australia Attractive for Overseas Investors
As the coronavirus pandemic brings huge chunks of the Australian economy to a grinding halt, the real estate market looks to have weathered the worst of the storm. House prices have dipped slightly in most major centres but analysts are not anticipating a major crash, dashing the hopes of first-time buyers who have been locked out as prices soared in recent years. This has peaked the interests of international property buyers.
With fewer than 7,500 infections nationwide, Australia has been widely recognised as being successful in containing the COVID-19 outbreak. And the industry is expecting further investment when more restrictions are eased.