Will the return of international travel turn the Australian property market upside down?

Featured On: Australian Property Market.News

The reopening of international travel channels in Australia has long been perceived as a potential forerunner of increased property demand in the country. When international borders closed due to the pandemic, states that are known for a large influx of immigrant population witnessed a never-before-seen void. As countries gradually move towards normalcy, it is worth wondering if the expected influx of travellers would upturn the already red-hot Australian property market.In a nutshell, the resumption of international travel is most likely to immediately benefit the hospitality and tourism industries, which have been at a standstill for long. However, the impact on residential housing would only be felt sometime in the future as the demand for residential property may not take off immediately. A slow and steady influx of property buyers can be expected, which might not cause an instant upheaval in the sector.By Kunal Sawhney CEO , Kalkine Group.

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Will the return of international travel turn the Australian property market upside down?

Featured On: Australian Property Market.News

The reopening of international travel channels in Australia has long been perceived as a potential forerunner of increased property demand in the country. When international borders closed due to the pandemic, states that are known for a large influx of immigrant population witnessed a never-before-seen void. As countries gradually move towards normalcy, it is worth wondering if the expected influx of travellers would upturn the already red-hot Australian property market.In a nutshell, the resumption of international travel is most likely to immediately benefit the hospitality and tourism industries, which have been at a standstill for long. However, the impact on residential housing would only be felt sometime in the future as the demand for residential property may not take off immediately. A slow and steady influx of property buyers can be expected, which might not cause an instant upheaval in the sector.By Kunal Sawhney CEO , Kalkine Group.

Read Original Article...