Foreign investment is very good for Australia as it adds supply which keeps prices low, says Simon Henry, Co-CEO of in a recent interview with Property Observer (1 December 2014). According to Henry, the average property bought by a foreign investor is over $9000,000, which is well out of the price range of first home buyers. Chinese buyers also prefer the inner suburbs of major cities, such as Melbourne, Sydney, Brisbane and Gold Coast – which are where new builds happen. As such, foreign investment is good as it injects funds into the country, prevents complete recession from happening in Australia, and helps compensate for the massive shortage of housing.