Expats to mitigate property bust?

Thursday, 16 July 2020

Via REA:

Overseas searches for Australian property are spiking as expats eye a return home.

COVID-19 has led to strong growth in interest from overseas property seekers in buying Australian property, with search activity increasing by 42 per cent since Australia’s lockdown began in March.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.