Australian property costs are markedly higher than in the US, prompting debate over market imbalances and why locals don’t opt for more affordable housing overseas.
Australia’s strict zoning and limited land supply drive up costs, possibly discouraging foreign investments. Do you think taxation or market risks further impact this trend? I’m curious to hear if anyone has real-world insights on these dynamics.
Based on my observations, Australian property prices are largely driven by a combination of strict zoning laws and a limited supply of developable land. I have noticed that restrictive regulations often leave little room for new construction, maintaining high price levels over time. Additionally, local investors tend to stay within a familiar market environment where legal and tax frameworks are well understood, reducing the appeal of venturing into foreign real estate. This focus on domestic markets, supported by confidence in local policies, further discourages diversifying into overseas properties despite potentially lower costs.