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Chinese buyers to prop up Australian housing market: Credit Suisse

Property Markets / Planning, Zoning, Infrastructure

Australia

Mar 23 2017

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Myriam Robin, The Sydney Morning Herald

Foreign buyers are purchasing new housing in New South Wales and Victoria at a rate of $8 billion a year - a figure the equivalent of one in five new homes completed across the two states. 

The figures, available for the first time through a freedom of information request, come from state governments which now collect taxes from foreign buyers when the property is settled. The figures reveal the size, source and changes in foreign demand for Australian housing.

 

Go to The Sydney Morning Herald to read the full story.

SOURCE: The Sydney Morning Herald

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