australian real estate

According to the Foreign Investment Review Board’s annual report, the number of foreign investment proposals continued to grow strongly in 2014-15.There were 37,953 proposals that received foreign investment approval compared with 24,102 in 2013-14.


The real estate sector had a significant increase in approvals with 37,347 approvals in 2014-15, compared with 23,428 approvals in 2013-14 and is more than triple the levels of 2012-13. The majority of this increase related to new dwellings approvals. This is consistent with the Government’s policy to increase the housing stock by channelling foreign investment into new dwellings.

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Chinese interest to Australian real estate sector doubled since 2014.Chinese investments in Australian residential and commercial real estate increased to A$24.3 billion($18.4 billion) in the 12 months through June 2015,up from A$12.4 billion a year earlier and A$5.9 billion in 2013, according to the Foreign Investment Review Board’s annual report.

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Approvals in 2014-15 were given for $194.6 billion of proposed investment, a 16.3 per cent increase on 2013-14.
This increase was largely due to continuing growth in residential real estate applications. Proposed investment in residential real estate increased from $34.7 billion in 2013-14 to $60.8 billion in 2014-15. There was also $36.2 billion of proposed investment in the commercial real estate sector.

Source: https://firb.gov.au