The survey of 2,000 people, weighted according by age and gender, was conducted between March and April 2021.
Data compiled by the National Australia Bank shows foreign investors made up only 3.7% of new home sales and 2.2% of established homes in the March quarter.
“These statistics on foreign investment are for total foreign buyers – including the UK, the US and Canada – so presumably Chinese foreign investment would be even less,” Owen said.
Owen said foreign investment had been trending downwards since 2014.
“The overarching story is that the numbers [of foreign investors] are not significant enough to contribute to most of the housing price increases we have seen. The current upswing is a function of low interest rates, high levels of owner-occupier demand, and relatively low levels of supply.