In the Journal:

The Australian Parliament’s House Economics Committee will investigate whether foreign investment into property in the country is driving up prices and making housing unaffordable for its middle class, Liberal MP Kelly O’Dwyer, the committee’s chairwoman, said in an interview

  • A government report published last month found that Chinese investors spent almost 6 billion Australian dollars (US$5.4 billion) on real estate during the 12-month period ending in June 2013
  • But while the investment growth is impressive, Chinese money comprises less than one-sixth of the A$37.5 billion in foreign investment in Australian real estate – a sum that actually dropped in the 2013 fiscal year from the previous year, according to the Foreign Investment Review Board,

Wall Street Journal: Australia Is Worried Too Many Chinese Are Buying Homes There

May be gated

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Not a word about increasing supply, unfortunately. Would seem a logical response to higher demand.