Weekend Australian
A snippet in the Mansion Australia glossy from the Weekend Australian, discussing the impact of currency movements on international buyer trends.
Click to expand the article:
In short, yes currency is a factor, and a lower Aussie dollar can encourage foreign investments and the repatriation of funds to Australia.
But other factors have a bigger impact at the macro level.
Indeed, one of the reasons we're heading for such a chronic shortage of housing is that non-resident buyers are currently taxed out of the market, so new apartment developments aren't getting pre-sold, and thus won't be built.
