Perspective is everything.

In Australia, there’s been a lot of negative sentiment in the mainstream media about the performance of the property market.

But international investors, especially those in countries that have suffered worse effects of the coronavirus outbreak, are looking to Australia for salvation.

Iwan Sunito, CEO of luxury developer Crown Group, told SBS that his company has sold 63 million dollar worth of luxury homes from February to April, predominantly to international buyers.

Sunito said that this was the most successful sales season the company had experienced in the last two years, and attributed this success to the fact that international investors see Australia as a safe haven.

In May, the national average for prices dropped zero point four percent. Locally, this is being seen as a herald of doom.

Internationally, this is seen as remarkable. Prices only dropping zero point four percent is a result that many international investors exposed to other markets would love to have experienced.

It’s all a matter of perspective.

When viewed in isolation, something can look bad.

But take a step back and look at it in the wider context, and you’ll have a better view of the situation.