Business
Foreign investors abandon Aussie property market – MacroBusiness
Investment in Australian residential property by foreign investors fell by 11% between the 2018 and 2019 financial years, according to figures from the Foreign …
Investment in Australian residential property by foreign investors fell by 11% between the 2018 and 2019 financial years, according to figures from the Foreign Investment Review Board.
The 11% fall occurred before the COVID-19 pandemic hit.
The FIRB’s figures reflect a trend towards buying brand new properties over existing ones, along with a growing interest in more expensive properties:
New figures obtained from the Foreign Investment Review Board by The Australian show a fall-off in purcha…
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