Cashed-up foreign buyers still seek Australian property, but are they really to blame for price rises?

While COVID border closures hamper Australian property sales to international buyers, many Australians still struggle to break into the market because of rising house prices.CoreLogic data shows dwelling values rose 20.3 per cent over the year — the highest annual hike since 1989

CoreLogic says international buyers' demand for Australian houses has dropped over the past six yearsIt might come as a surprise to some, but the Foreign Investment Review Board's latest survey shows that overseas buyers' purchasing activity has hit record lows, with residential real estate approvals for foreigners falling from 40,141 in 2015-16 to 7,056 this year.

Cam My Tran-Smith and her husband recently bought their first home in the Greater Sydney suburb of Peakhurst, but missed out on so many properties that they had "lost count."

Huge amounts of proceeds of crime money is laundered in Australia mostly by Chinese criminals who also use land holdings here as the start of buying citizenship. Real-estate agents paid a lot in donations to be excluded from money laundering law checks so they can profit from it.

Realestate agent like sharks carnt get enough they all think its all about them little they do for earning it openhouse obsession you think they give care about you or i or community learnt valuable lessons in life morally shock by how majority dont care outside their square

Yes. They are a big part of the problem. Developers also building horrible dog box apartments just for Chinese investors and Asian students and post grads.

Corrupt Coalition still stalling on AML reform for property transactions & Labor did nothing during Rudd/Gillard/Rudd either

Tran the agent I’d obviously ignoring the rules on overseas buyers purchase of existing property, when they can only buy new ! With no policing nothing will be done ✔️

If you don't reside here (IE: Citizen/PR/Visa) then you should NOT be allowed to buy property! MANY other countries forbid it! ... whilst you're at it, remove Negative Gearing (retrospectively), and limit people to ONE residential investment property.

No foreign citizen should be allowed to purchase Australian property. Those who have, should be forced to sell, at market rates. Doesn’t matter which country they are from.

Yes. Plus lax foreign owership laws, lax money laundering laws, jobkeeper, Howard era LNPCrimeFamily cuts to CGT on property, negative gearing, LNPCrimeFamily changes allowing SMSF to purchase residential property, historicaly low interest rates for investors etc. etc. etc....

Yes..and the decade long war on wages waged by neo-Liberal govt that has left the RBA no option but to set record low interest rates to keep the economy moving..resulting in any mum and dad household drawing 2 wages able to mortgage up and buy a 2nd house they wouldn't normally🙄

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