Tech

How to pronounce CFIUS, the once-obscure government body that reportedly gave Microsoft and ByteDance a 45-day deadline to negotiate a TikTok acquisition deal

The Committee on Foreign Investment in the US, or CFIUS (pronounced siff-ee-yus,) is a government body whose members have the power to launch an investigation into business deals that involve foreign investment in US firms on national security grounds. It determines if deals pose national security risks, but the group […]
How to pronounce CFIUS, the once-obscure government body that reportedly gave Microsoft and ByteDance a 45-day deadline to negotiate a TikTok acquisition deal
News

Overseas investors have bought Great Keppel Island for more than $50m

Great Keppel Island, one of the iconic islands near the Great Barrier Reef just off the coast of Queensland, has been bought by overseas investors for “more than $50 million”. The new owners are a couple from Singapore and Taiwan, according to the AFR. The island was previously owned by […]
Overseas investors have bought Great Keppel Island for more than $50m
Markets

Here’s how foreign housing ownership in Australia and New Zealand compares

Foreign national ownership of property is a growing concern for many countries, including New Zealand and Australia. From 2018, New Zealand is banning foreign ownership of residential property in an attempt to curb housing inflation and high vacancy rates. What’s going on in New Zealand? New Zealand residential property inflation […]
Here’s how foreign housing ownership in Australia and New Zealand compares
Markets

Australia’s housing market is still flooded with Chinese money

New restrictions on foreign investors are unlikely to stop the flow of housing demand from China, according to Credit Suisse analysts Hasan Tevfik and Peter Liu. And crackdowns on capital outflows by Chinese authorities appear not have slowed China’s appetite for Australian property, the pair say. The latest numbers are […]
Australia’s housing market is still flooded with Chinese money
News

Foreign interest in Australian housing has dropped by more than 50%

The number of foreign investment applications for residential housing has fallen sharply. The government, and regulators, have recently deployed a series of measures aimed at cooling Australia’s booming property market. And authorities in China have been cracking down on the amount of money flowing out of the country. In a […]
Foreign interest in Australian housing has dropped by more than 50%
Markets

CHARTS: Here are the top 10 foreign land owners in Australia

The British still own Australia when it comes to agricultural land, according to a national survey of foreign-owned farmland. The Register of Foreign Ownership of Agricultural Land was prepared by the Turnbull government in response to growing concerns about Chinese investment in Australia’s agriculture sector. In April, treasurer Scott Morrison […]
CHARTS: Here are the top 10 foreign land owners in Australia
Markets

The world’s love affair with Australian government debt is ending

Overseas investors’ share of outstanding Australian Commonwealth Government Bonds (ACGBs) continues to fall with foreign holdings at their lowest level since Q2 2009, according to ANZ Research. ANZ analysts Katie Hill, Martin Whetton, and Daniel Been say that while foreigners holding rose in absolute terms the overall share of total […]
The world’s love affair with Australian government debt is ending
Markets

GLENN STEVENS: It’s OK to say no to foreign capital

Outgoing RBA governor Glenn Stevens has again taken the ball up on an important economic topic for Australia. Amid the current debate over the sale of Ausgrid in New South Wales, complaints by land holders about who they can sell to, and calls for transparency in FIRB decisions, the clear […]
GLENN STEVENS: It’s OK to say no to foreign capital
Markets

Foreign buyers are still piling into Australian property

Demand for Australian residential property from foreign investors remains as strong as ever, despite a recent recent lift in the Australian dollar and buoyant price growth in Australia’s two largest cities. This is no better demonstrated than in the chart below. It comes from the latest quarterly ANZ-Property Council Survey, […]
Foreign buyers are still piling into Australian property