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FOREIGN BUYERS and the Australian PROPERTY MARKET BOOM
Are foreign investors ruining Australia's property market? Are they buying up all the homes and making home ownership unaffordable, thereby pushing average Aussies closer to the poverty line?
Based on the comments on some of my previous videos, this is certainly the case. However, whenever you hear this argument, there isn’t much information behind it, which makes it hard to figure out the actual impact on the Australian real estate market.
In this video, I’m going to discuss the main concerns and criticisms related to foreign investment in residential real estate in Australia. I’ll then examine the extent and impact of this investment on the Australian property market. Finally, we'll explore some potential regulatory changes that could address these issues.
Discussion:
00:00 Introduction
00:44 The Housing Situation
01:53 People feel trapped
03:11 Foreign Money will continue to come in
04:29 Impact on market
06:34 Changes we could make
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