Foreign investors are ‘putting pressure’ on Australia’s housing market

Fairfield City Mayor Frank Carbone says foreign investors are “putting pressure” on Australia’s housing market. Mr Carbone said foreigners are buying Australian homes “to make a few dollars”. “But then you also have a really high level of migration. “That needs to be brought down.” Mr Carbone joined Sky News Australia to discuss the impacts of foreign investment and migration on the Australian housing market.