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Australia’s reopening unlikely to immediately bring foreign buyers to residential property market

A planned reopening of its borders is unlikely to have foreigners rushing back to Australian residential property, giving locals some space to cope with soaring home prices, analysts said.Last week, Canberra announced that it was aiming to reopen its international borders by Christmas at the latest, raising hopes that foreigners would finally be able to visit Down Under. That this could potentially lead to a deluge of foreigners snapping up homes in Australia was unlikely, according to analysts…

Read the original article at South China Morning Post

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