Perth apartments: fools gold for foreign buyers

Advertisement

By Leith van Onselen

Perth Now has run an article claiming that foreigners are clamouring to buy “cheap” Perth apartments, with up to 40% of sales of new city complexes reportedly being snapped-up by Asian buyers:

As Perth’s property market continues to decline, more developers are looking overseas to move stock and are now hiring specific “international associates” to travel to Asia and spruik Perth homes.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.