Offshore buyers splash $15bn on CRE

[{"selector":"#anim-c8dccc11-11f7-48ea-80ba-7f87ffd5cd85 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] MORE than $15 billion worth of commercial real estate investment proposals were made by offshore interests in... Read more

[{"selector":"#anim-f5b2285c-d94e-4dc8-8f95-0e15689821e5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The $15.2 billion total – accounting for nearly one-third of the $48.6 billion in total – was made across 148 individual deals. Read more

[{"selector":"#anim-6d08d0e1-b9f2-4faa-be2e-adbe839ed063 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The commercial real estate figure is tracking behind FY22’s $66.6 billion but ahead of the 611 individual proposals, while it is... Read more

[{"selector":"#anim-88852cc8-6f45-4bb5-b428-2a63d0db232e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5984846746828215e-7%, 0.0344011760050075%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] In this year’s September quarter, the next most popular industry was services, with $14.8 billion, followed by... Read more

[{"selector":"#anim-ebf6fca1-2e14-4e2f-ac21-985ecbd83ab4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Residential real estate’s quarterly figure, made across 1,972 proposals, has it on track to go past the... Read more

[{"selector":"#anim-5acf8b14-41b1-4132-9d6f-7616a0e9abd6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] China dominated residential real estate proposals in the quarter, with $1 billion across 731 proposals, putting it well ... Read more

[{"selector":"#anim-ceeaae81-b007-4a50-a903-f14f85c99301 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Next over the quarter was Hong Kong, at $200 million, while Vietnam, Singapore, India, Taiwan and Malaysia all accounted for... Read more

[{"selector":"#anim-7a40dd06-125e-4e78-bb6f-513b30571e34 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The Australian Taxation Office’s median residential real estate processing time is at six days, just above the five days in FY22 and in line with FY21. Read more

[{"selector":"#anim-3b720f38-300d-42e8-96b0-c58b745701b9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Treasury’s median processing time for all approved commercial investment proposals was... Read more

[{"selector":"#anim-b5ce0d65-5a5f-46f6-9827-e96a92e266b5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Across all commercial investment proposals, the United States accounted for $11.5 billion, having tipped in nearly... Read more

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