The staggering amount foreign buyers spent on Australian property in just nine ... trends now
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Foreign buyers spent an eye-watering $5.3billion on Australian residential properties in just nine months, new figures from the Federal Treasury have shown.
More than 4,700 homes across Australia were bought by foreign investors in the first three financial quarters of 2023.
Of those, 1,955 homes, valued at $2.5billion, were bought by Chinese investors, with buyers from Hong Kong paying around $300million for 400 of them.
Buyers from Vietnam bought 259 Aussie homes in that period, while Taiwanese purchasers got 272 properties.
Treasury's register has not yet released the figures for the final three months of 2023, but the trend for high spending by foreign investors is expected to continue.
Foreign buyers spent an eye-watering $5.3billion on Australian residential properties in just nine months, new figures from the Federal Treasury have shown. John Symond's Sydney harbourside mansion (pictured) is on sale for $200million
Isabelle Lucas (pictured), of buyer's agency Cohen Handler, said constantly rising
