Houses too pricey? Data shows Aussies shouldn't blame foreigners

Canberra

JUST how much foreign money is contributing to rising property prices is a staple of dinner-party conversations around the globe. Australians now have a near-official answer, and it's less than most would think.

The Australian Treasury estimates that foreign demand for real estate increased prices in Sydney and Melbourne by no more than A$122 (S$129) a quarter from July 2010 and March 2015, and possibly as little as A$80.