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The new coverage additionally opens new avenues for built-in township projects by allowing FDI,” mentioned Amit Modi, Director at County Group. Next year, the market may benefit from a return of traders, as well as first-time residence buyers who need to escape the tight rental market, the report continued. Interest rates have also risen across Australia and are prone to proceed to do so into 2023, pushing patrons to the sidelines after the country’s personal pandemic real estate boom.