PHOTO: Houses stand in the suburb of Bellevue Hill in Sydney, Australia. PHOTO: BLOOMBERG
SYDNEY (REUTERS) – On a recent Sunday morning in the sun-drenched Australian city of Brisbane, about 50 ‘property tourists’ boarded a bus tour with a difference.
The group – all local Aussies looking to purchase their first homes – were shuttled to five new apartment projects where brochures promised they could “capitalise on international deposit defaults” and snap up properties at sharp discounts.
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