Billions Spent: The Impact of Foreign Investment on Australian Residential Property Market

Foreign investors spent $5.3 billion on Australian residential real estate in just the first nine months of last year, purchasing more than 4,700 homes. Data from the Federal Treasury shows that Chinese investors led the way, buying 1,955 homes valued at approximately $2.5 billion. Meanwhile, Hong Kong buyers acquired over 400 homes worth $300 million, […]