Australia’s Reserve Bank’s latest rate cut to 1.5 percent could potentially offset the 4 percent stamp duty surcharge on foreign property buyers in New South Wales, reports the Daily Telegraph (4 August 2016). The rate cut could lead to a weaker Australian dollar, thus reigniting interest from international buyers. According to Charles Pittar, CEO of Juwai.com, “The rate cut is likely to drive the dollar down further, making property more appealing to offshore buyers. In NSW, a falling dollar could help ameliorate any impact the new buyer tax might have on offshore property demand.” With Juwai Data revealing a 25-percent increase in Chinese buyer enquiries for H1 2016, compared to H2 2015, Pittar adds that Juwai.com is seeing Chinese demand for Australian property accelerate, even with capital controls making the process longer for buyers lacking funds abroad. [This article is available for subscribers only].