Data from ANZ/Property Council of Australia forecasts that in NSW foreign buyers will snap up just 18.1 percent of residential properties on offer until March 2018, down from the record high of 24 per cent in September 2016.
In Australia's other hot property market, Melbourne, the fall will be less dramatic - 21 percent of sales will be expected to go to foreign investors, down from 25.2 percent at the same time last year.
https://www.msn.com/en-au/news/aust...-effect/ar-AAuzL2q?li=AAavLaF&ocid=spartandhp
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- Foreign buyers accounted for 25% of market
Foreign buyers accounted for 25% of market
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