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NAB estimates that foreign buyers, nonetheless, account for one in 10 sales of established dwellings in both New South Wales and Victoria. In the latter case, buyers favoured existing houses over apartments, with redevelopment plans a factor.
"It was ... notable that foreign buyers had a much bigger presence in the established housing market in Victoria, with a market share of just over 16 per cent," said NAB chief economist Alan Oster. |
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