Overinflated Property : Government should tighten rules for foriegn Investment

As a property owner with a medium sized loan I have noticed that over the past five years the property prices have dramatically increased in value. This is going to make property ownership for our kid’s and many others out of their reach. As foreign investments in Australian property have become a very attractive proposition many of the foreign investors are cashed up and are paying well over the properties asking price. This is one reason for our property prices to dramatically increase in value. Should our Government tighten up the rules to buying properties by foreign Investors?