Bombshell ATO report reveals foreign property buying soars
Foreign property buyer numbers have taken off, with international real estate investors shaking off their post-Covid blues and turning their attention to Australia.
Foreign money is again pouring back into Australian property. (Image source: Shutterstock.com)
Foreign buyers are returning to the Australian property in large numbers, with total transactions soaring by 27 per cent over the previous financial year.
The Australian Taxation Office on Friday (21 June) released its Register of foreign ownership of residential land, which showed that Victoria had become the preferred choice of foreign investors.
Foreign buyers spent $4.9 billion on 5,360 Australian dwellings in the financial year to 30 June …
