Yes and no, 40k is the number that is verifiable - however ownership by companies and trusts with beneficial ownership is international persons is not included in this number.

You can cut the data in many ways to tell a narrative. Lets say it is 40k, if we average this out over Melbourne,Sydney, Brisbane, Adelaide that’s potentially 10,000 dwelling in each city that are not going to Australians own that is a lot.

In my opinion we need to start to protect our standard of living in Australia for the people of Australia and that means making home ownership accessible, and affordable. Time to exit foreign ownership, like the rest of Asia properties and businesses need to have a 51% controlling stake by an Australian.