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Australians returning home due to COVID-19 could lead to extremely high housing demand

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Returning expats are adding to the competition for houses in Sydney.

A wave of Australians returning home due to COVID-19 is contributing to growing property prices.

With DFAT figures showing 389,000 Australians having returned home since March, many industry figures believe the demand for property from expats combined with a shortage of stock across the state could lead to extremely high housing demand and price growth.

Many agents across Sydney are already seeing a willingness from expats to pay premium prices for the little stock available.

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