And the decision by Canada to restrict access to such rich individuals can only boost interest in our market.

Research by HSBC Bank suggests more than one-third of affluent Asians own overseas property, and that our market is the number one destination for further investment. Of the wealthy mainland Chinese surveyed by HSBC, 9 per cent owned property in Australia, while of the respondents from Hong Kong, 10 per cent did.

Of the rich Indians surveyed 18 per cent owned Australian property, 19 per cent of Indonesians and Singaporeans, 26 per cent of Malaysians, and 5 per cent of wealthy Taiwanese.

But while home buyers may ­complain, it’s great news for local ­property developers, such as the listed Australand.

It revealed in its annual results on February 17 that it sold about 15 per cent of its residential developments to offshore investors in 2013, primarily mainland Chinese, almost double the historical average of 8 per cent.

The sales were made through its Hong Kong office, which Australand opened some 10 years ago. The company said it expected demand from that segment to remain at the same level in 2017.

But on the evidence of growing overseas interest in grabbing a slice of the Australian dream, that may be a ­conservative view.

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加拿大财政部长费海提取消了为吸引具有购买力的外国买家的政策，可能会对澳大利亚已经被高估的住宅物业市场带来不利影响。

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