Knight Frank, a world-renowned real estate consulting company, released a report saying that due to Australia’s leading position in the prevention of the new crown epidemic and the depreciation of the Australian dollar in the early days, a large number of wealthy Australian diasporas decided to return home to buy luxury homes.
According to the report, although the number of luxury homes listed in Australia shrank during the epidemic, over-the-counter transactions have not been affected too much. Many of the housing purchases came from wealthy Australians living in China, Hong Kong, Singapore, the United States and the United Kingdom.
For wealthy individuals with a personal net worth of more than US$1 million and wealthy individuals with a personal net worth of more than US$30 million, factors such as the low value of the Australian dollar, the relatively low price of high-end housing and a healthy lifestyle are the main reasons for attracting them to return home .
