News

KPMG: Chinese investment into Australia fell by more than a third in 2018

China invested $8.2 billion into Australia in 2018, according to a new KPMG report. That’s 36.3% less than it invested in 2017, and a warning sign for the wider Australian economy. “Australia has felt the pinch of a significant reduction to our shores,” said Doug Ferguson, the co-author of the […]
KPMG: Chinese investment into Australia fell by more than a third in 2018
Markets

Approvals for foreign investment in Australia’s housing market plunge again

Approvals for foreigners to invest in Australian property plunged again in the last financial year, according to official data. The FIRB said there were several factors that may have contributed to the continued decline. Almost half of national approvals were granted in Victoria. Including both residential and commercial approvals, the […]
Approvals for foreign investment in Australia’s housing market plunge again
Markets

New research suggests Chinese investment in Australian property is falling sharply

Juwai.com, a leading Chinese Global Property Investment portal, estimates Chinese investment in Australian property fell by 26.8% to $US17.4 billion in 2017. Residential investment made up the vast amount at $US14.1 billion. Australia remains a favourite investment destination for Chinese, ranking second behind the United States in terms of inquiries […]
New research suggests Chinese investment in Australian property is falling sharply
Markets

Here are all the restrictions on foreigners looking buy an Australian home

Whether by total approvals or number, foreign investment in Australia’s housing market is slowing. While capital controls in China have been a major factor behind the slowdown, the introduction of fees, charges and restrictions on offshore buyers are also at play. Juwai.com, a leading Chinese property website, says there’s likely […]
Here are all the restrictions on foreigners looking buy an Australian home
Markets

Auction clearance rates in Sydney tumble below 50%

Sydney auction clearance rates fell below 50% last week, the first time that’s been seen outside of a holiday period in six years. Melbourne’s clearance rate also held below 60%. Auction clearance rates have historically lead annual price movements in house prices. Sydney auction clearance rates have tumbled below 50%, […]
Auction clearance rates in Sydney tumble below 50%
Markets

The parts of Melbourne where home prices have fallen most, in one chart

Melbourne home prices fell by 0.5% in May, the largest decline of any Australian capital city. New data from CoreLogic shows the scale of declines has not been uniform in nature. Prices for homes have fallen more than units, led predominantly by inner-city regions. Of all Australia’s capital cities, nowhere […]
The parts of Melbourne where home prices have fallen most, in one chart
Markets

The parts of Sydney where home prices have fallen most, in one chart

Sydney home prices have fallen 4.2% over the past 12 months. New data from CoreLogic shows the scale of declines has not been uniform in nature. Prices for homes have fallen more than units, on average. Sydney home prices have fallen 4.2% over the past 12 months, partially reversing strong […]
The parts of Sydney where home prices have fallen most, in one chart
Markets

Why it’s unlikely foreign demand for Australian housing has suddenly collapsed

The value of approvals for foreign investment in Australia’s housing market tumbled last financial year, according to Australia’s Foreign Investment Review Board (FIRB). Many believe the collapse in approvals largely reflected the introduction of application fees, not a substantial drop in foreign demand. A recent survey of Australian property experts […]
Why it’s unlikely foreign demand for Australian housing has suddenly collapsed
Markets

Here are the countries with the largest direct investment in Australia

The amount of foreign direct investment (FDI) globally has risen from $US14 trillion to $US26.7 trillion over the past decade. The amount of FDI in Australia has risen every year since 2009, reaching $796 billion in 2016. The United States remains the largest source of FDI. The world is becoming […]
Here are the countries with the largest direct investment in Australia
Markets

It’s not just Australia’s houses that foreign investors are snapping up

It’s not just Australia’s housing market that foreign investors are interested in. Indeed, as seen in this table below, a large proportion of commercial, industrial and tourism properties were sold to foreign buyers during the September quarter. From the latest ANZ-Australian Property Council survey for the December quarter, it provides […]
It’s not just Australia’s houses that foreign investors are snapping up