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1.Market Observations, 8.Was Sticky

12 Feb 2020 (AFR) – Coronavirus: Settlement delays expected as travel ban bites

(12 February 2020, AFR, p36, Nila Sweeney, Reporter)

‘Selling agents are bracing for settlement delays on residential properties, with mainland Chinese buyers blocked from travelling into the country as part of the government’s response to the coronavirus threat. Melbourne-based selling agent Jamie Mi of Kay and Burton, who specialises in overseas Chinese buyers, said while demand from buyers was rising in response to health scare, settlement delays were inevitable.’

Read more at AFR.com (might need AFR login access)

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