Buyers from China have led the slowdown in foreign purchases of Australian residential real estate in the 2024 financial year, which fell overall by about 15 per cent, according to Foreign Investment Review Board figures.
Although buyers from China remain the biggest single nationality purchasing Australian residential real estate, their enthusiasm has been squeezed between a slowing Chinese economy and the jump in house prices here, experts say.
Loading...
Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
