Foreign Investors Buying More Properties in Victoria
Despite new taxes, overseas investors spent $2.25 billion on new homes and land across the state last year.
Foreign investors are buying more property 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 remains the top destination for foreign buyers, with the majority of purchases being new homes and land.
Foreign investors are buying more property in Victoria than in any other state in the country, despite a raft of new fees and taxes aimed at cooling offshore demand.
Author's summary: Foreign investors spent $2.25 billion on Victorian properties.
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