Foreign property demand lifts: NAB

Foreign buyers' demand for residential property rose significantly in the March quarter, according to the National Australia Bank quarterly Australian residential property survey.

The figures are at the highest point since the survey began in April 2010.

Foreign buyers made up 13.5 per cent of total demand for new housing in the quarter, compared with 11 per cent in the December 2013 quarter, NAB chief economist Alan Oster said.

For established housing, foreign buyers made up 9.5 per cent of total demand, up from 6.5 per cent in the last quarter of 2013, Mr Oster said.