The return of overseas arrivals and Australia’s property market

From the 21 February 2022, the Australian Government opened the borders and welcomed double-vaccinated tourists and visa holders from around the world. Eligible visa holders can come to Australia without a travel exemption or quarantining, and concessions are being granted to skilled visa holders in order to incentivise them to stay in the country for longer. 

The latest overseas arrival data from the ABS shows total arrivals to Australia began rising sharply weeks earlier, as international students, permanent residents and Australian citizens were welcomed back. Overseas arrivals totalled 195,760 through December (up from 34,670 arrivals in December 2020) and provisional estimates suggest the number was higher still for January. 

READ MORE:https://www.corelogic.com.au/news/return-overseas-arrivals-and-australias-property-market

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