How much interest has their been from overseas buyers in the Australian property market? This much: The annual report of the Foreign Investment Review Board shows the approvals for housing investment reached a record $61 billion in the financial year 2014-15. That was up 75% on the previous year, which itself was up 102% on the year before. This is only approvals, so there’s no way of telling what this actually turned into in terms of real purchases, but it’s still fair to assume that foreign purchases of Australian property ran into tens of billions of dollars last financial year. UBS economists George Tharenou, ... (full story)