More foreigners are buying Australian property, but analysts say claims they’re impacting affordability are ‘completely overblown’

After a downturn during the pandemic, foreign buyers are back. Most are coming from China, Hong Kong and India, with the value of transactions hitting almost $5 billion over the past financial year. It’s becoming more common for families overseas to buy property for their children who want to study and work in Australia and eventually become permanent residents. After a downturn during the pandemic, foreign buyers are back. Most are coming from China, Hong Kong and India, with the value of transactions hitting almost $5 billion over the past financial year. It’s becoming more common for families overseas to buy property for their children who want to study and work in Australia and eventually become permanent residents. Real Estate Industry, Housing Construction Industry, Property Prices, Housing Policy Latest business news