Many believe that foreign investors are inflating the Australian property market, but official data suggests otherwise. In 2023, only 1.1% of property purchases were made by foreign buyers without Australian residency or citizenship. However, this figure doesn’t account for Australian citizens or permanent residents whose primary income comes from overseas. Could this hidden factor be playing a bigger role in property price increases? Understanding the true impact of international funds on the housing market can provide a clearer picture of what’s driving property prices in Australia.