Foreign investment

Changes for off-the-plan foreign buyers rely on a broken supply argument
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The government says its changes to foreign investment will increase housing supply and make it more affordable, but that’s relying on narrow and possibly incorrect assumptions about investors, writes… Dallas Rogers, Western Sydney University The government is proposing changes to the foreign investment framework that will allow a foreign real estate investor to purchase an…

Chinese Buyers Could Spark “An Economic Catastrophe”
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Fears of a looming apartment fall may be compounded by the mass failure of Chinese apartment buyers to settle their apartment contracts.  Robert Gottliebsen, business columnist at The Australian, said recent bank-led changes to loan criteria for foreign buyers could leave many overseas property investors from China exposed. “If the Chinese fail to settle [their…

Another bank cracks down on foreign buyers
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It’s getting harder for foreign buyers to purchase Australian properties. The Commonwealth Bank of Australia, which accounts for 25% of the nation’s mortgages, is the latest bank to tighten the rules for foreign buyers wanting to buy Australian properties.  The bank warned mortgage brokers it will no longer accept applications from applicants using self-employed foreign income for…

Foreign Investment Continues To Surge
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The Governments tougher restrictions on foreign investment seems to have had little effect on overseas buyers purchasing Australian property. The latest NAB Quarterly Australian Residential Property Survey found while foreign buyers were less active in new property markets, they had increased their presence in established markets, especially in Victoria. The percentage of foreign buyers in…

Where will the Chinese spend $60 Billion on Australian Real Estate
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I’ve been making the point here for some time that it should no longer be a question of whether or not Asian capital is impacting Australia’s real estate markets. That would be like debating whether le Tour cyclists have taken performance-enhancing drugs when we know full well that they have.  The questions should rather be: “How widespread is the…

Asian Buyers are Purchasing 20% Of New Dwellings In Melbourne & Sydney
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There’s been a lot of talk about how Asian capital is driving the Australian property markets Well,  according to Credit Suisse, Chinese buyers bought $8.7 billion in Australian residential property in 2013-14, or about 15% of new homes, and the number is growing fast. Most of the purchases are concentrated in Sydney, where Chinese buyers are snapping…

Foreign investment crackdown
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There’s been a lot of fuss recently about the effect of foreign buyers on the Australian property market. So it is interesting that over the weekend there have been a number of thought-provoking announcements. You’d have to be living under a rock not to know what all the fuss is about, but if you want…