The eurozone financial crisis could encourage thousands of Europeans to buy Australian property, one expert has suggested.
John Lideman, writing for Australian Property Investor magazine, explained that with much of the continent being gripped by economic problems that have seen the single currency devalued, buying property in Australia looks like an increasingly attractive option.
He wrote: "If the situation deteriorates in Europe as it probably will, we may once again throw open our nation's doors to a new wave of European migration."
With Australia isolated from the eurozone and largely reliant on the fortunes of the Asian economy instead, Mr Lideman said events in Europe could prompt a fresh wave of migrants that will cause a housing "boom" in Australia and stimulate growth in the country.
John Lee, chief executive of Australia's Tourism and Transport Forum, previously told the Sydney Morning Herald that the recent drop in the value of the dollar mean visitors to Australia from the US and Europe looks likely to increase in coming months, as they will be getting more for their money.
Posted by Ravin Chatlani
John Lideman, writing for Australian Property Investor magazine, explained that with much of the continent being gripped by economic problems that have seen the single currency devalued, buying property in Australia looks like an increasingly attractive option.
He wrote: "If the situation deteriorates in Europe as it probably will, we may once again throw open our nation's doors to a new wave of European migration."
With Australia isolated from the eurozone and largely reliant on the fortunes of the Asian economy instead, Mr Lideman said events in Europe could prompt a fresh wave of migrants that will cause a housing "boom" in Australia and stimulate growth in the country.
John Lee, chief executive of Australia's Tourism and Transport Forum, previously told the Sydney Morning Herald that the recent drop in the value of the dollar mean visitors to Australia from the US and Europe looks likely to increase in coming months, as they will be getting more for their money.
Posted by Ravin Chatlani
