Housing markets across Australia are set to lose some steam in 2016, according to a report released by Australian property search firm Domain Group on Monday. Property prices across major cities are expected to slow dramatically as investors continue their exodus from the market, the study predicts. Double-digit growth in major housing markets such as Sydney and Melbourne in the last ...
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Tag Archives: Australia housing
Despite tighter foreign investment rules, ‘Foreigners ‘increasingly buying existing property’
AUSTRALIA: Despite tighter foreign investment rules, foreign buyers are snapping up existing Australian property at a faster rate A few months ago, the federal government announced new measures to make it harder for foreigners to get into the local housing market, but according to NAB, it hasn’t halted activity just yet. NAB’s latest Residential Property report reveals total foreign demand ...
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