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Trending Now: Foreign Buys in Sydney and Melbourne

By madhu on June 1, 2022
NAB's September quarter residential property survey, which is a survey of market participants, reported that foreign buyers accounted for an incredible 19.4% (houses) and 16.5% (apartments) share of established sales in Victoria (which really means Melbourne), and 9.9% (houses) and 9.3% (apartments) sales in New South Wales (Sydney).

I'm not sure that foreigners are abandoning Sydney and Melbourne just yet.

NAB's September quarter residential property survey, which is a survey of market participants, reported that foreign buyers accounted for an incredible 19.4% (houses) and 16.5% (apartments) share of established sales in Victoria (which really means Melbourne), and 9.9% (houses) and 9.3% (apartments) sales in New South Wales (Sydney).

They're still very big numbers.

And the shares are even higher for newly constructed dwellings, with 28.5% (houses) and 26.0% (apartments) of sales in Victoria going to foreigners, whereas the share in New South Wales was 15.5% (houses) and 10.9% (apartments).

 

For further information please don't hesitate to contact Finance and Mortgage Solutions on our website.

Article written by madhu

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