Overseas investors still demanding Australian property
The high property prices in Australia, which some have suggested indicate a bubble, are reportedly failing to deter overseas investors, including those from China and Hong Kong. Australian bank ANZ estimates that one in five home buyers in the country are now foreigners. The fuel in demand from China may be partly due to investors attempting to diversify their holdings outside of the country, with the Chinese stock and property markets thought to be poised to collapse.

Buildings in central Sydney where Australia’s property market remains a big draw for foreign investors. Photo: Reuters