• The shock win by US presidential candidate Donald Trump is expected to increase demand for Australia’s expensive homes in the short term as agents ready themselves for an uptick in inquiry from US nationals.

But longer term the threat of a trade war between the US and China could see interest in Australia’s homes go either way, warned AMP chief economist Shane Oliver.

READ MORE VIA DOMAIN.COM.AU

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President-elect Donald Trump celebrates his victory. Photo: Ty Wright