NAB survey shows foreign buyer demand is fading

Wednesday 20 April 2016

NAB has released its March quarter Australian Residential Property Survey, which showed that foreign demand is fading. The below chart summarises the situation at the national level:

As shown above, overseas buyers accounted for 7.2% of established demand in the March quarter and 11.8% of new property demand.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.