Australia’s Foreign Investment Review Board (FIRB) recently released data on foreign buyer transactions in 2018-19 which shows 80 per cent of foreign buyer transactions over the 12 months were residential and valued under $1 million each, reports easyinvestorfunding (24 October 2020). FIRB's data also reveals that around 86 per cent were new dwellings and vacant land and buyers in the Victoria, New South Wales and Queensland markets accounted for 94.6 per cent of total investment value and 92.2 per cent of transactions. “The FIRB data is fascinating and confirms some things that we already know. Victoria is the most popular state. When foreigners buy, they very seldom sell. Foreign buyers by far prefer new property,” Juwai IQI executive chairman Georg Chmiel said, commenting on the findings.