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Foreign buying activity soars

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Australian Broker | 16 Oct 2014, 08:15 AM Agree 0
​Foreign buying activity in the Australian residential property market accounts for one in six new properties nationally
  • Bottom Line | 16 Oct 2014, 10:31 AM Agree 0
    And the RBA discusses changing LVR's for Australian residents to slow property growth in Sydney & Melbourne; when most overseas buyers are paying cash. I guess they want the overseas buyers to make up even more of the market share. People paying cash, don't really care what your lending requirements are, but first home buyers do.
  • Incognito | 16 Oct 2014, 11:03 AM Agree 0
    "Foreign buyers were less active in the established property market over Q3, with their share of total national demand rising to 8.2%"

    I thought foreigners buying established housing was illegal.. Anyone?

    I won't ask the FIRB as they're too busy
  • Country Broker | 16 Oct 2014, 11:50 AM Agree 0
    hen is the government insist that the legislation in regards to FIRB approval for non residents buying RESI property is enforced .
    They can control this tomorrow by making sure all regulations are enforced , Their enforcement is lax at best .
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