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Foreign investors turning away from Australia, towards US, UK

As the United Kingdom and United States experience a boom in foreign property investment, buyers from Asia and elsewhere are increasingly shying away from Australia.

Foreign currency and property graphic
Foreign money continues to find its way to property markets other than Australia

As the United Kingdom and United States experience a boom in foreign property investment, buyers from Asia and elsewhere are increasingly avoiding Australia.

Stifled by the pandemic and comparatively unwelcoming to foreign visitors, international investors, particularly from Asia, have largely turned to other education and business hubs around the world.

According to new data from the Foreign Investment Review Board, spending sank by $1.5 billi…