GENERAL NEWS
CHINA has retained its mantle as the largest source for approved residential real estate investment proposals in the June quarter, while it has become apparent that foreign home buyers in...
The latest data from the Foreign Investment Review Board (FIRB) showed the number and value of approved residential real estate investments from all countries fell in...
China led approved residential real estate investment proposals by value with $0.4 billion, followed by Hong Kong, Taiwan, Vietnam, India and Singapore, each with $0.1 billion...
China’s total volume was down one-third from the prior quarter’s $0.6 billion, and the number of Chinese residential real estate investments was down 23% to 383, from...
Remember that foreign buyers pay much more to purchase and to hold property in Australia than local residents and citizens. They have extra taxes, fees, and duties that...
Even the interest rates they pay on their mortgages are higher because they can’t borrow from the big four banks. Their mortgages can carry interest rates that are more than...
High mortgage rates and soaring prices have recently driven housing affordability to its worst level on record...
Melbourne is still the top destination for mainland Chinese buyers, according to Juwai IQI, followed by Sydney, Perth, Brisbane, and Adelaide. The median property price of...
The volume of Chinese people buying in AU is still high, but a lot of them are no longer FIRB buyers. Three years ago, one out of five mainland Chinese purchasers we worked with...
Commercial real estate investment down in FY24
The number of commercial investment proposals approved lifted quarter-on-quarter from 271 to 340, and a value rising from $26.4 billion to $58.7 billion.
The United States was the largest source for approved commercial investment proposals by value in the June quarter (at $21.9 billion), followed by Japan ($9.5 billion), Germany...
Services was the largest target sector for proposed investment with a total value of $27.3 billion, followed by commercial real estate with a total value of...
Agricultural holdings steady
Foreigners hold entitlements for 47.6 million hectares of Australian agricultural land, down two-tenths of a percent from 47.7 hectares a year earlier. Chinese interests account for...
That gives foreigners a 12.9% share of the total of 40,298 GL of Australian agricultural land. That total foreign share was a slight decrease from 14.1% two years earlier...