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Through tragedy and triumph, expats return to a tough property market

An already overheated, undersupplied Australian property market is bracing for a wave of expatriate Australians, who are gradually returning home with the country’s borders now reopened.

Father and four young children in colourful clothes on the beach.
Duncan Schieb and children Charlie (9), Matilda (7), Molly (5) and Oscar (3) are enjoying the change from New York.

An already overheated, undersupplied Australian property market is bracing for a wave of expatriate Australians, who are gradually returning home with the country’s borders now reopened.

For many, the past two years have been a harrowing experience. Effectively locked out of their own countries for two years due to the Covid pandemic and subsequent absence of flights, families were separated, lives disrupted and plans put on hold as people grapp…