Foreign investment falls in the Australian housing market

A decline in foreign investors has been reported by NAB Residential Property Survey Q3 2016, as Australian owner-occupiers regain a greater share of the market.

The national average has sunk to 10.2% of the market (the lowest since 2012), following a decline which started a year ago. Brisbane has fallen to 10.5%, it’s lowest since Q1 of 2015.

The NAB cites tighter lending restrictions as the main driver of the decline in foreign investment.

Owner-occupiers are reported to now account for 32.8% of new property sales, while first-home buyers (both investors and owner-occupiers combined) are estimated at 31.2%, proving home ownership to still be a possibility.

Sources:

NAB Residential Property Survey Q3 2016 

Banking Tightening Lending Restrictions for Overseas Buyers

 

Written: 15 November 2016, Updated: 15 January 2020

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