According to The Australian Financial Review, apartment values rose faster than houses in more than half of all suburbs nationwide in the past three months as stretched affordability and lower borrowing capacity forced buyers to opt for high-density homes, data from CoreLogic shows.
Rising rents are also expected to lure more investors to the unit market and help fuel further price gains this year. Of the 899 suburbs analysed, units outperformed houses across 489 markets by up to 8 percentage points. Apartments in desirable inner-city suburbs, outer ring areas and coastal locations trumped houses as the price gap widened to record levels. https://www.afr.com/property/residential/newtown-port-melbourne-apartments-defy-housing-slump-20220520-p5an0z
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According to The Asahi Shimbun, Japan was preparing to allow more foreign tourists to enter the country in June after it accepted a first group from overseas on an experimental basis, sources said.
The number of tourists will still be limited, the sources said. The first foreign tourists in more than two years arrived in Japan on May 24 for an experiment on whether the country can safely reopen its borders to travelers in the COVID-19 pandemic. The group from the United States landed at Narita Airport on the outskirts of Tokyo on the night of May 24. https://www.asahi.com/ajw/articles/14630456 |
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