AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min chapter
Housing Bubble Week Epilogue: Not All Bubbles Are Created Equal - Vernon Smith
The Joe Walker Podcast
Narrative Economics: How Foreign Buyers Influence Australian Housing Markets
The RBA, the Australia Central Bank and the Reserve Bank of Australia did a study in 2014. They concluded that while foreign residential purchases change a bit from year to year, they have been relatively steady or low as a share of turnover in the Australian housing market. The Treasury said on average, quarterly property prices were increasing by $12,800 in Sydney and Melbourne, but foreign demand increased prices by between $80 and $122. 64.4% of respondents picked foreign investors purchasing houses in Sydney, which was higher than any other category. When he asked another question, 77.9% of respondents disagreed or strongly disagreed with this statement. Foreign investment has no impact or very small impact on
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode