Real Estate in Australia
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AUSTRALIA, 2016/06/20
Sydney is imposing new taxes on foreigners buying homes as concerns grow that a flood of mostly Chinese investors is crowding out locals and killing the “Great Australian Dream” of owning property.
Ownership rates across the country are part the highest in developed nations, with having your own home long viewed as a key aspect of Australian identity.
But as prices rise to record levels — Sydney is ranked only second to Hong Kong as major cities with the world’s least-affordable housing — new potential homeowners have been increasingly forced out of the market with foreigners blamed as a key factor.
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AUSTRALIA, 2012/06/21
Australian property sector likely to be slowly on the mend
Building approvals, retail sales, trade figures, unemployment, and business and consumer confidence are released in the coming weeks and should offer some fresh views on the strength of the Australian economy. Nevertheless, we believe these data readings are likely to continue to fluctuate additional widely than expected until there is a additional pronounced and sustained world recovery.
