Foreign Investors Buying More Properties in Victoria
Despite new taxes, overseas investors spent $2.25 billion on new homes and land across Victoria last year.
Foreign investors are buying more properties in Victoria than in any other state, with 2606 properties purchased last year, a 50% increase from 2021-22.
- Overseas buyers spent $2.25 billion on new homes and land in Victoria last year.
- Most international buyers were drawn to new dwellings and undeveloped land worth less than $1 million.
Victoria was the nation’s top destination for foreign buyers looking for properties last year.
Author's summary: Foreign investors buy more properties in Victoria despite new taxes.