Freshly released data from Australia's Foreign Investment Review Board (FIRB) has shown where the majority of foreign buyer transactions are coming from, reports Smart Property Investment (21 October 2020). Key findings show that 80 per cent of foreign buyer transactions over the 12 months were residential and valued under $1 million each. Victoria, New South Wales and Queensland accounted for 94.6 per cent of total investment value and 92.2 per cent of transactions. Commenting on the findings, Juwai IQI executive chairman Georg Chmiel said: “Although foreign-buyer transactions are down, there is also good news. Australia’s reputation has been buffed and shined to a new level of polish. The country is wisely managing the pandemic and is likely to have positive economic growth this year despite the crisis.”