Foreign property investment dries up but Australia not alone
Foreign investment in Australian property has become a collateral victim of the irresistible currents of global geopolitics and international pandemic responses.
Fewer international investors willing to buy property in Australia could result in big challenges for developers. Photo: Shutterstock (Image source: Shutterstock.com)
Foreign investment in Australian property has become a collateral victim of the irresistible currents of global geopolitics and international pandemic responses.
With Australia locked into a political battle with China that is pitting national values against economic pragmatism, and international borders likely to remain closed for the foreseeable future, the prospect of foreign demand rebounding to former levels anytime soon appears forlorn.
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