According to the Australian Foreign Investment Review Board (FIRB), the number of overseas applications for investment properties in Australia has fallen by nearly two-thirds in the past year due to the Australian government's new regulations and tax policies for overseas property investors.

According to the data, as of June 2017, the number of overseas applications for the purchase of Australian residential properties has dropped from more than 40,000 last year to more than 10,000. The total investment of overseas home buyers has dropped from A$72.4 billion in 2016 to 252 in 2017. A hundred million Australian dollars.

According to the report, the reason for this phenomenon is that overseas investors can only buy new houses in Australia, impose more stamp duty on overseas investors and strict review of foreign investors' monetary loans and high interest rates.

The data shows that China and the United States have invested a total of about A$65.5 billion in the real estate economy as the two countries with the largest investment in the Australian real estate market. But the total value of Chinese and US investment has fallen by A$8.4 billion and A$4.5 billion, respectively, from the previous year.

In addition, commercial and residential real estate accounted for approximately 33% of all overseas investment, followed by service industry with 28%, and manufacturing, power and natural gas resources accounted for 21%.

UBS's latest global real estate strategy survey shows that 35% of respondents said that the performance of the Australian real estate market in the coming year is not expected to be favored by global investors.