The RBA is worried about rising house prices in Australia. But at the end of the article, Kelly O’Dwyer MHR, the chair of a parliamentary inquiry into foreign investment in residential real estate, put her finger right on the problem:

There was evidence to suggest current foreign investment restrictions were not being enforced by the Foreign Investment Review Board (FIRB), she said.

We used to pay for our balance of payments deficits through increased investment and the revenues that previous investments had caused. Now we pay for our imports by selling off the farm. The first could go on for ever and made us prosperous. The second will be a disaster but no one is willing to stop the inbound flow of funds.