China Leads Foreign Investment in Australian Residential Property
Treasury's FIRB figures show foreign investors were approved for $1.3 billion in residential real estate purchases from July 1 to September 30, 2024, with Chinese investors accounting for the largest share.
Continued strong foreign investment, particularly from China, could sustain demand for new developments in Melbourne's western growth corridor, especially as foreign buyers are restricted to new builds.
Summarised by Ravs Realtors from reporting by realestate.com.au.



