According to The Australian Financial Review, foreign buyers are surging back into Australia’s new housing market, accounting for 7.9 per cent of the demand for new homes across the country, after close to doubling over the March quarter, according to NAB.
It is the third consecutive quarterly rise in the overall share of market sales to foreign buyers – it was at 4.6 per cent in the fourth quarter last year – taking that proportion to its highest level since midway through 2020.
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