Foreign investment in Australian residential real estate has plummeted by 83 per cent in the last two financial years. Despite the overall numbers being down China still leads the world in investment in the Australian real estate sector. 'China still accounts for one out of every four foreign dollars invested in our real estate,' Carrie Law, chief executive of Chinese international real estate website Juwai, told Domain. 'The data is finally starting to reflect what happened last year. Chinese buying dropped off significantly due to foreign buyer taxes and capital controls,' she said, reports Mail on Sunday (19 February 2019).