‘China dominated purchases’: Foreign investors ‘buying up all the new Aussie homes (Sky News Australia)

Sky News host Paul Murray warns foreign investments in Australia are making it harder for Australians to buy homes.

“Foreign investors have put in billions of dollars into the Australian property market since the announcements have been made,” Mr Murray said.

“China dominated the list with a thousand purchases, a combined value of 1.1 billion dollars.

“When everyone opens up the present, there’s an empty box.

“The foreign buyers might not be bidding against you for the existing two-bedroom unit, but guess what they are doing: buying up all of the new ones.”



This situation, where foreigners can't buy existing homes, but only new ones, would explain why perfectly good houses are being demolished and rebuilt all over the country, in record numbers. Developers are likely buying the houses, many in great condition, and large sized, and then replacing them with new buildings so that foreigners can swoop in and buy them up. It's one thing to build a new house on vacant land and another thing to disgracefully take down grand old houses, while jacking up prices everywhere in the process - all thanks to the influx of foreign capital. This can end by voting for the anti globalist parties in Australia that would put massive restrictions on foreign ownership of property. 

[Posted at the SpookyWeather2 blog, March 1, 2026.]