The property market implications of Australia's nosediving dollar
From higher construction costs to a possible influx of foreign buyers, Australia's rapidly weakening dollar has major implications for the nation's real estate markets.
The weakening Aussie dollar is adding thousands to the cost of building new homes. (Image source: Shutterstock.com)
The Australian dollar has been on a downward trajectory to sit around a near five-year low, sparking concerns from investors about the implications of this fall on their real estate portfolios.
As domestic and foreign investors alike navigate this uncertain economic environment, understanding the impact of currency volatility on investments is crucial.
From restrictions imposed on foreign investors to domestic challenges of housing affordabilit…
