The doors are about to be flung open on the world’s largest source of travellers and among their priorities is buying up properties in Perth.
The trickle of build-to-rent (BTR) developments is turning into a stampede as a deep-pocketed foreign backers outline their expansion plans in the nascent sector.
Fees paid by foreign investors to buy property,farms and businesses will double as part of the federal government’s budget repair plan.
Australia will host a forum this week for its Quad allies to talk energy,a topic Chris Bowen says underpins economic and national security in the current crisis.
Residential homes may have been shunned but the falls were offset by a surge in commercial real estate investment.
Blue-chip suburbs feature in the top 10 list of most-searched locations among foreign buyers,but where they buy depends on several factors.
Australia likes to think of itself as a good international citizen but our overall record has been patchy at best,lamentable at worst,and is presently embarrassingly poor.
The federal government looks to diversify foreign investment,partly based on the strategy Canberra has already adopted to shift its export markets away from China.
Australia’s largest and oldest dairy farm has been hit with claims of animal welfare abuse and overstocking of cattle leading to effluent overflow that is damaging waterways.
Data shows Australia received just over $1 billion of Chinese foreign direct investment last year,dramatically down from $16.5 billion in 2016.
European Union officials and Chinese President Xi Jinping have concluded a business investment deal that has the potential to irk the new US administration.