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Record high foreigners buying Australian homes

Tuesday, July 1, 2014 - 06:00

[SYDNEY] Australia approved a record A$24.9 billion (S$29.2 billion) of home purchases by foreign buyers in the nine months to March 31, a 93 per cent jump from the same period a year earlier, UBS AG said.Overseas investment in housing in Australia is now 13 per cent of total turnover, compared