Evaporating Chinese demand to deepen property bust

Friday, 7 December 2018

The Foreign Investment Review Board’s 2016-17 annual report, released in May, revealed a sharp contraction in residential real estate applications from foreign buyers, driven by a halving in applications from China:

This was followed in October by NAB’s quarterly property industry survey, which revealed a sharp contraction in demand from foreign buyers:

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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.