Houses too pricey? Data shows Aussies shouldn't blame foreigners
Add BT as a preferred sourceCanberra
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.
Share with us your feedback on BT's products and services
TRENDING NOW
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Meet the women who run one of Singapore’s most trusted hotel brands
