# Foreign Buyers Not Driving Auctions

Page: https://stenobird.com/podcast/brisbane-news-today-2-min-news-the-daily-news-now-7581033/foreign-buyers-not-driving-auctions
Text version: https://stenobird.com/podcast/brisbane-news-today-2-min-news-the-daily-news-now-7581033/foreign-buyers-not-driving-auctions.md
Podcast: [Brisbane News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/brisbane-news-today-2-min-news-the-daily-news-now-7581033)
Published: 2026-06-09T03:07:17+00:00
Episode link: https://api.fastcast.ai/audio/68b2917a-bae6-4d50-87ad-e6a46bf8ef45.mp3
Audio file: https://api.fastcast.ai/audio/68b2917a-bae6-4d50-87ad-e6a46bf8ef45.mp3
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Duration seconds: 80

## Resource

Barnaby Joyce’s claim that foreign buyers are outbidding Australians at auctions sparks debate, but official data reveals foreign purchases make up just 0.5% of home sales — far less than the hype suggests. With strict laws already limiting non-resident purchases of established homes, experts argue the real issue lies with domestic investors, not new arrivals. The government’s extension of existing bans until June 2029 aims to prioritize Aussie buyers while steering foreign investment toward new housing — a policy that may resonate emotionally, but the numbers show foreign buyers are not the major disruptors they’re made out to be. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/bec33bfb9728b267

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## Transcript

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