NAB: Foreigner property buyers fall again

Thursday, 3 November 2016

From the quarterly NAB property industry survey:

The influence of foreign buyers in Australian property markets continued to lessen according to surveyed property professionals, suggesting that tighter conditions imposed on foreign buyers is still having an impact.

In Q3, foreign buyers accounted for 10.2% of all new property purchases (10.4% in Q2) – the lowest level since mid-2012. In established markets, their share fell to 6.4% (7.2% in Q2) – its lowest level since Q4 2012.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.