A recent survey revealed most Sydneysiders believe foreigners should not be allowed buy residential real estate, reports Domain (17 May 2017). However, according to real estate expert Jon Ellis from the Investorist, foreign buyers actually increase supply, which increases affordability in Australia. "Australians love scapegoating – first they were blaming Baby Boomers … now they’re blaming Chinese people. It’s not racism but it is xenophobia,” said Ellis. Charles Pittar, CEO of Chinese international property portal Juwai.com, concurred that it was “easier” to blame foreign buyers than to tackle tax policy and negative gearing. “Foreign investment is going right where Australia wants it – into funding new housing supply. It is creating jobs, tax revenue and economic growth and – in fact – it is one of the few bright spots of the economy,” adds Pittar.