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MARKET NEWS

Victoria is the state of choice

Overseas demand for Australian property will remain strong ­despite easing from a recent peak.

 

Foreign buyers were given the approval to splash $28 billion on residential real estate in Victoria in the previous financial year - equating to almost a third of the value of all property sales in the state.

 

The state of Victoria will have a difficult next few months because of state government changes that will lift the stamp duty payable by investors in off-the-plan apartments.



Published: 06 July 2017