Finance Show with Joe S2E8: Are Foregin Buyers Dominating the Market?

Foreign buyers acitivty is on the rise in Australia by 27% in 2022/23. Foreign buyers were responsible for $1.9 billion worth of property sales in the last financial year, but does that spell disaster for Aussie buyers? Yes and no.

Most property sales were under $1 million AUD and given that foreign buyers cannot hold onto property indefinitely, it seems to be adding to local housing shortages, but is far from the main driving force.

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