NAB’s Q2 2020 Residential Property Survey shows the quarter seeing higher activity from foreign buyers in comparison to Q1, reported Smart Property Investment (29 July 2020). Foreign buyers account for 19.3 per cent of new home market share – its highest level in three years in Victoria. New findings suggest that Australia is still a hotspot for foreign investors as buyer activity continuing to increase. “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. “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. The average foreign buyer share of new property purchases in New South Wales is 9.1 per cent. The average foreign buyer share of new property purchases in Queensland is 6.4 per cent. The average foreign buyer share of new property purchases in Western Australia is 6.3 per cent,” Chmiel added.