Australia’s Luxury Real Estate Market Expected To See Influx Of International Buyers In 2022

Source: Forbes — 

While border closures resulting from COVID have slowed Australian property sales to international buyers, experts predict that the luxury market may perk up in 2022 as travel restrictions relax and ex-pats return to the country.

“Travelers from New Zealand and Singapore who are inoculated against Covid-19 will be able to enter New South Wales and Victoria, Australia’s two most populous states, from November 21 without quarantine,” explains Ken Jacobs of Private Property Global in Sydney. According to a recent travel update from the Australian Government Department of Health, fully vaccinated Australian citizens and permanent residents can travel overseas without an exemption. There will also be reduced quarantine requirements for travelers when they return to or enter Australia.