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\u201cWe have had several significant sales in Barwon Heads as a direct result of expat repatriation due to COVID-19,\u201d Mr Turner said<\/p>\n
\u201cThey are ready to go with premium properties on the top of their list.<\/p>\n
\u201cThere is no mucking around with these buyers, they definitely know what they are trying to find.<\/p>\n
\u201cWe would expect this \u2018Expat Factor\u2019 to continue to contribute to the strong demand for real estate in the Bellarine for some time yet.\u201d<\/p>\n
Other locations, including Brisbane, Adelaide and regional areas are also securing record sale prices due to \u201cnew money\u201d coming from more expensive interstate locations.<\/p>\n
According to CoreLogic\u2019s March National Home Value Index it is the premium end of the market that is leading the acceleration in the rate of capital gains at present.<\/p>\n
Across the combined capitals, the upper quartile of the market recorded a 3.7 per cent lift in values in March, according to CoreLogic.<\/p>\n
The report found in Melbourne the upper quartile increase of 2.8 per cent outpaced the lower quartile at 1.6 per cent, while Brisbane\u2019s upper quartile index rose 3.1 per cent \u2013 nearly triple the rate of lower quartile values at 1.1 per cent.<\/p>\n
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COVID-19 keeps on giving in the property market as the return of cashed-up expats is adding to sky-high property sales across the nation, according to the Property Investment Professionals of Australia (PIPA). Hundreds of thousands of people have returned to Australia over the past year, with many of them coming from cities that have more […]<\/p>\n