Rich expats returning to Australia drive up property prices to new highs
Real estate veteran said expats just wanted to park their money in 'safe' Australia Sydney's Lower North Shore and Northern Beaches are particularly popular Rich expats returning home are driving Australian property prices to record highs and they are willing to spend up to $40million for a house in an upmarket suburb. Compared with most other wealthy nations, Australia has dramatically lower Covid case numbers and is renowned for having the world's best summer weather and beaches. ADVERTISEMENT In November, 32 regions saw median house prices rise to new record highs, CoreLogic data showed....
Source: dailymail.co.uk