A generation of Australians are being priced out of the housing market, leaving many facing a “lifetime of renting”, according to a report by Credit Suisse.
Chinese buyers are currently pouring in more than A$5bn ($4.5bn; £2.7bn) into the residential market every year, pushing up prices, the findings show.
The median house price in Sydney has risen by 45% in the past five years.
Australia has some of the most expensive property markets globally.
The investment report by Credit Suisse analysts combines information from several official sources including the the Australian Foreign Investment Review Board, the Australian Department of Immigration and the Australian Bureau of Statistics.
However, the report’s authors caution that the magnitude of flows into the Australian market from China is difficult to estimate precisely.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.