Foreign investment into Australian commercial property has accelerated over the past few years from $2.9b in 2012 to $12.7b in 2015, making up 43% of total investment. Foreign investors with lower required return expectations relative to domestic investors have pushed yields down to historically low levels despite, what up until recently has been a period of lacklustre rental growth across most sectors and markets over the past two years. Will 2016 see a repeat of the high levels of foreign investment seen over the past two years?