- 1 March 2019
Foreign Buyers Retreating From All But One Housing Market - Which One?!
There has been a dramatic fall in foreign investment in Australia’s housing market, but the demand for one capital city property market remains steady.
The latest Foreign Investment Review Board report reveals the value of approvals for foreign investment in residential real estate nationally fell $17.5 billion over the 2017/18 financial year to $12.5 billion.
Queensland received 17 per cent of all residential real estate approvals last financial year, with an investment value of $1.4 billion — more than the ACT, Western Australia, the Northern Territory, and Tasmania combined.
China accounts for the majority of residential real estate approvals.
Carrie Law, chief executive of Chinese real estate website Juwai.com, said that while Chinese demand for residential real estate nationally had fallen, a recovery was on the way.
A recent report from realestate.com.au found demand from Chinese buyers for the Brisbane housing market actually rose 35 per cent in the 12 months to May 2018.
So . . . with a lot of incoming demand for properties in the SEQ market, what do you think will continue to happen to the prices?!
It is worth revisiting the article I covered about this in December 2018:
Brisbane’s Growth Story | https://youtu.be/ibmdJ0PcxDw
Make contact with your Property Mentor for further information re : our great property options in these areas!
Have a great weekend and catch you next week!
Troy Gunasekera
National Manager
Property Club being the leaders in Wealth Creation through property for 20+ years now, with over 20,000+ properties settled by Club members is in the enviable position of being best placed to assist YOU to have a retirement avoiding the pension!
https://www.propertyclub.com.au/contact-us/
Contact your Property Mentor for guidance and assistance on the best deals we have at the moment and let us show you how to avoid the pension!
Have a great weekend and catch you next week!
Warm Regards,
Troy
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