Oz in $21 billion bonanza

Oz in $21 billion bonanza

Tuesday, May 20, 2008

New figures show just how important foreign investors are to Australia's real estate market…

According to the Real Estate Institute of Australia Real, property in Australia attracted $21.4 billion worth of foreign investment during 2007.

Property accounted for 14 per cent of all the foreign investment dollars drawn to Australia during that financial year, making it the fourth-largest target for foreign monies.

Singaporeans were the biggest foreign investors, purchasing $3.4 billion worth of Australian property. The United States was second with $3.3 billion, following by the United Kingdom at $2.6 billion and Germany at $1.3 billion.

The Foreign Investment Review Board approved 5514 proposals for the purchase of residential property, totalling $13.4 billion, and 98 proposals for the purchase of commercial property, totalling $8 billion.

New South Wales and Queensland were the main targets of foreign money, representing 45 per cent of total investment.

CLICK HERE TO PRINT THIS PAGE

CLICK HERE FOR OUR FULL NEWS ARCHIVE

Get this news on your website !

If you have a website, whether it is a personal homepage or a fully fledged estate agent service, you can get our news headlines included on your site. Both these newsfeed services give you the option of having the full news content from TheMoveChannel.com - not just the articles that appear on country subdomains such as this one:

Premium service

For just £50 / month, you can now have your own customised news service on your website. With the XML-based service, articles actually appear on a page on your site, making this a sticky feature that won't result in your traffic leaving. You have control over the display format to show your choice of headlines, dates and short article introductions and can apply your own style sheet or control the display format with XSL sheets. Finally, you can also set your subject preferences so that your feed only displays articles which are relevant to your site audience.

Top News Stories:

Bargain hunters hit the ‘Lone Star State’
6/19/2008 - Overseas investors are flocking to Texas for property bargains, claims the NAR...

San Diego: Buy one, get one free!
6/18/2008 - A San-Diego developer is offering potential investors a stunning deal on new homes…

Florida declares was on ‘rescue fraud’
6/17/2008 - A new law to protect Florida homeowners from fraud has been passed this week…

Sponsored listings:


All countries	Canada	Argentina	Portugal	Fiji	Dubai	Australia	New Zealand	South Africa	India	Investment


Privacy policy Terms of use Support Bookmark now! USA index Global Edge Florida						TheMoveChannel.com is a protected Trademark. Copyright © 2000 - 2008 On The Move Ltd. All rights reserved.