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Aussies Fleeing Home Prices, Snapping Up Overseas Bargains
Description
Australians are increasingly looking to buy properties abroad due to sky-high prices at home, with nearly one in three considering overseas deals. New data reveals that New South Wales and Victoria have the highest interest, with Asia being a popular choice, particularly for Victorians. Younger Aussies, feeling priced out, are drawn to lower debt options in places like Europe and Southeast Asia. Social media influencers and developers are also cashing in on this trend, with Bali and Vanuatu projects selling out quickly. Experts attribute this to a housing shortage and population boom, which have pushed prices up by ten percent last year. As affordability remains a challenge, more Australians are expected to seek overseas property deals to build wealth.
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