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Was the housing boom in Sydney and Melbourne driven by foreign buyers?

  • Written by The Conversation
imageForeign investment in housing: murky.Jason Reed/Reuters

House prices rose by an average of 64% in Sydney and Melbourne in the decade from 2004 to 2014. At the same time foreign investment proposals in developed real estate rose by almost tenfold. This correlation led to a lot of anecdotal stories of Chinese buyers driving up prices and to a Parliame...

Read more: Was the housing boom in Sydney and Melbourne driven by foreign buyers?

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