The Foreign Investment Review Board looked at the money coming in from different nations, and found that the Chinese are way out in front, spending $5.9 billion (£4.03 billion) in the last year.
However, in second and third place, surprisingly, were the US and Canada, with investors from these places spending some $4.9 billion and $4.4 billion respectively.
Singaporean investors came behind these two to make up the top four, but they were a long way behind with just $2 billion spent in the past year by those from this nation.
The report comes as the Reserve Bank of Australia has revealed that foreign investment has had a rather steady market share over the past two decades, meaning those from overseas are not the main reason for recent years' price growth.
Posted by Ravin Chatlani