But the problem with overseas purchasers is that they create a false market and the property prices go much higher than the Australian economy would have put them
All commodities have a natural rise and fall which has the effect of keeping a stable market, but when a government or other influential body manipulate the market for the purpose of power and votes it will eventually fall apart
Look at Greece which although already a basket case was sent to the wall purely due to the over stimulated property market, specifically from the Chinese
