Foreign demand for Australian property has been on a recent high, with 1 out of 6 properties purchased by an overseas buyer, accounting for 17% of the total demand for properties in the country.

Victoria accounted for the most foreign buyers at 25%, or 1 in 4 homes and also led in foreign demand for established properties, at a high of 11.5%. Because of the surge of foreign property buyers, First Home Buyers fell from 15% to 22% in Victoria.

Banks and property companies have been quick to point the finger at foreign investors as a major reason for driving property prices up.

Read more about this on the Sydney Morning Herald website.

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Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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