Expats cashed up and ready to buy this summer

Expats cashed up and ready to buy this summer
Expats cashed up and ready to buy this summer

Cashed-up expats are well placed to really make the most of their trip back to Sydney for the 2015-2016 Christmas holiday break.

"Expat buyers are in a powerful negotiating position this summer holiday season given the decline in the Australian dollar," estate agent Vicki Laing at Laing Real Estate says.

"They are cashed-up, ready to buy," she said.

“They have the preparedness to offer local vendors either short or long-term settlements which suits both parties," she adds explaining that often the expats actually don’t need the house immediately and are keen to rent it back to the vendor.

Expatriates in senior positions overseas are looking for properties typically costing upwards of $3 million, with younger expats seeking properties selling for $1 million plus.

She said for many they want close proximity to the CBD with easy access to beaches, restaurants and cafes.

“These professionals work long hours when they return so want to be in and out of the office in a reasonable time.”

Tags: 
Property market Residential Market

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