Expats are fuelling Australia’s property boom, according to industry body Property Investment Professionals of Australia.
AMP Capital’s chief economist warned that rebooting mass immigration would give more legs to the property price boom.
The reopening of Australia’s international borders could have the potential to put further pressure on already-high house prices.
While the Covid-19 pandemic has kept foreign investors from buying in Australia, former residents are returning to purchase homes in droves.
Cashed-up expats who have returned home or those still overseas but wanting a back-up plan are boosting the property market in pockets of Sydney.
Amnesty is calling on the federal government to work with the states to let more people return home each week.
Real estate agents say returning ex-pats and east coast workers are putting price pressure on pockets of Perth.
Australians living overseas fear the tentative green light given to international students to enter the country will further delay their return home.
There has been a marked increase in interest in property from Australians based overseas.
Australian Property Investor Magazine
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Join Steve Douglas, Executive Chair and Julie Kelley, Sales & Marketing Manager as they answer your burning questions during the 'Australian Residency and Tax Changes & Implications To Expats' webinar.
You can also book a FREE 20 minute tax consult by emailing smats@smat…
Hidden away in the back of the Australian Budget and unmentioned in the Treasurers speech, was a simple statement confirming that:
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We trust this seminar gives you a clearer understanding of the Australian Budget Announcements including:
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The Australian taxation system is extremely complex and taxes residents worldwide income.
Thankfully, legal and sensible tax …
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