The toxic combination turning investors off Australia

Australia has been a successful yield play for international investors in recent years, but now the world is turning its back on the lucky country.

With one notable exception, the world is turning its back on Australia. And it’s hard to see how the world's love affair with the ‘lucky country’ can be restored in the short term.

The exception, of course, is the almost desperate effort by Chinese and other Asian investors to buy into Sydney and Melbourne apartment developments and other properties. But I’ll come back to that.

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