Expats and overseas buyers to lift Australian prestige spring property market

Posted by Simon Dehne on September 14, 2015 in Latest News with No Comments


The sorts of influences that dictate your chances of selling the average house – such as interest rates – don’t apply so much to prestige property.

It’s other issues, like the lower Australian dollar. “Anywhere where the buyers’ currency is stronger than ours makes Sydney very attractive to buy in,” says Sotheby’s International Realty agent Michael Pallier, who notched up sales of $120 million in a week recently.

“Sydney is an international city – a lot of prestige properties are going to people overseas or who deal overseas.”

 

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