The actual impact of foreign ownership is no where near as high as what you think it is. It’s the interest rate effect. During Covid house prices went up substantially when there wasn’t any foreign buyers. Now, when rates have gone up, only a small portion of the population is suffering. Young generation home owners with mortgages. What is the percantage? Less than 10%. Wealthy older boomer Australians still want to invest in more property. They have no incentive to wish for lower property price. Don’t be racist. Facts and logic please