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RE: The Coming Australian Housing Crisis: A Couple Of Updates
I looked into a property there(long story) and due to laws preventing non citizens/visa holders from investing I believe the market will stagnate and slightly deflate. I think the government is seeking to restrict investments to people who are living or citizens of Australia which I believe will make property there a decent way to maintain a person’s wealth but not increase it.
Hey @travelersmemoire thanks for the reply and my apologies for getting back to you so late. Yes those laws are controversial here, in the sense that there are many who believe they're deliberately not enforced as a way of averting price falls through drop in demand that you write of. Of course, innocent law abiding people such as yourself are denied the opportunity. It's all very off to me. Thanks again!
No worries. It’s odd to hear the laws are being ignored. I’d be too concerned with my property being seized to invest illegally.