PERHAPS the Pandemic could be seen as a ‘blessing in disguise’ for Australian First Home Buyers … if it were not for the dire consequences here in Australia ALREADY of:
-even higher unemployment and underemployment which was at 19.7% prior to the Pandemic!
-Australians are dining at home; retail is struggling
-migration has almost been eliminated (but we can heave a sigh of relief!)
-as a consequence new housing supply is becoming more abundant
-many have had to break their housing lease or be evicted and rents have fallen
-lenders however are tightening their belt
WHAT could prevent Hong Kongers taking over from where Mainland Chinese left off … is that China will take control of their money! Thus preventing them fleeing to Australia to park their wealth
WHAT will be the saving grace out of all of this will be that the GUVMNT would not dare open the migration floodgates with such HIGH UNEMPLOYMENT ….
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CAAN Photo 2: Lindfield; sought after by Mega Rich Foreign Buyers