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Foreign investment in Australian real estate has fallen 83% in two years
With a nickname like the “land down under” and an expansive Outback as one of its primary calling cards, it’s easy to picture Australia as another world.
Up to 80% of foreign property demand in Australia is from China and despite numerous impediments, they are set to continue to grow.
A Sydney real estate agent has made $1 million in commission after a stellar financial year of sales.
Fewer lower prices houses are being sold in Australia with the residential property market seeing more the number of $1 million plus home sales soaring.
Foreign investment in Australian real estate has jumped by three-quarters in 2014/15, to a record $60.75billion.