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Foreign investment in Aussie property climbs off the canvas

An uptick in foreign investment in Australian real estate has been largely driven by overseas interest in Victorian property.

A large, typical Australian home
Offshore investment in Australian houses is again on the rise. Photo: Shutterstock

An uptick in foreign investment in Australian real estate has been largely driven by overseas interest in Victorian property. 

While Melbourne’s property market, in particular the inner city and apartment markets

, were the among the hardest hit segments of the national property market over the 18 months of the pandemic, the state now accounts for 43 per cent of foreign buyers.

While international travel to and from Australia is out of reach, fo…