New findings from NAB’s Q2 2020 Residential Property Survey have suggested that Australia continues to attract foreign investors, with buyer activity continuing to increase, reports Mortgage Business (30 July 2020). According to NAB’s Q2 2020 Residential Property Survey, the quarter saw higher activity from foreign buyers in comparison with Q1. In Victoria, foreign buyers account for 19.3 per cent of new home purchases – its highest level in three years. “The latest NAB Australian Residential Property Survey shows that in Q2, higher activity from foreign buyers supported the market,” said Juwai IQI executive chairman Georg Chmiel, commenting on the results. “In Victoria, the share of new property sales to foreign buyers jumped to 19.3 per cent. That means that one in five of new homes sold in the state was purchased by a foreign buyer,” said Chmiel. According to to Juwai IQI, Chinese buyers made 40.1 per cent more enquiries on Australian real estate in the second quarter than in the first.