Australia Property News

Foreign investors not to blame for Australian housing affordability problems

by Mark Benson on January 8, 2015

Foreign investors not to blame for Australian housing affordability problems

Foreign investors not to blame for Australian housing affordability problems

The Australian authorities recently instigated an enquiry into the Australian real estate market amid concerns that the general public were being priced out of the market due to affordability issues. Australia is this just one of many countries around the world which have been investigating the impact which foreign investment is having on their domestic real estate markets. The findings of this enquiry will surprise many people and force critics back to the drawing board.

Foreign investment in Australian real estate

Before we look at the findings of the enquiry into the Australian real estate market it is worth noting that at best it accounts for 6% of total Australian housing market investment. Some experts believe the actual figure is nearer 2.5% but even 6% only equated to $24.8 billion in the year ended March 2014. Admittedly this is a significant increase from the $17.2 billion from the previous year but in the overall picture it is minimal and unlikely to have any major impact upon Australian real estate prices. [click to continue…]

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