Treasury report shows foreign buyers not causing high property prices
Treasury economists Chris Wokker and John Swieringa have released new research showing that foreign investment in Australian property is only likely to have added between $80 and $122 to prices each quarter in Sydney and Melbourne.
This week's Dateline looked at the flood of wealth Chinese migrants are pouring into Vancouver real estate, and suggests Australia will benefit from curbing foreign investment.
Foreign buyer policies taking a toll, but not in Brisbane
Policies to deter foreign property investors have seen the level of foreigners in the market fall to 2.5 year lows, NAB's Residential Property Survey shows.
From 1 July, all home owners selling a property worth more than $2 million will have to obtain certification from the ATO proving their residency, or face a 10% withholding tax.
