Advertisement
The ANZ-Property Council Survey for the March quarter has been released, which revealed a sharp reduction in residential property sales to foreign (non-Australian resident) buyers, with everywhere but South Australia posting declines:
As shown above, foreign buyers accounted for 16% of residential property sales nationally, with sales highest in VIC (21%) and NSW (18%).
The survey is based on the views of more than 1,500 respondents – including, owners, developers, agents, managers, consultants and government – across all major industry sectors and regions.
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.