Australia’s beleaguered, off-the-plan apartment market could get a boost in the first quarter from China’s decision to loosen travel restrictions, as it will allow project marketers back into the country, the country’s largest real estate agency group says.
While the booming Chinese demand of the late 2010s was unlikely to return, developers that were keen to sell to offshore buyers could once again jump on a plane to go and market projects, Ray White chief economist Nerida Conisbee said.