Lower Australia dollar to inflate Sydney, Melbourne property prices

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

he lower Australian dollar makes property cheaper for foreign buyers and could increase the bubble prices being paid for apartments in areas of Sydney and Melbourne.

The dollar sank below US70¢ on Wednesday, for the first time since April 2009, and Deutsche Bank chief economist Adam Boyton​ predicts the dollar will keep falling to US60¢ by the end of 2016, and even past that into the US50¢ range.

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