Foreign investors raid the Aussie property market

Foreign hunger for Australian property shows no signs of abating, with overseas investors spending a whopping $41.5bn on Australian real estate last financial year.

Which countries’ residents are raiding the Australian market? Read on for the surprising results.

According to the latest figures from the Foreign Investment Review Board (FIRB), released in its Annual Report 2010-11, the British love affair with all things Australian certainly seems to extend to property, with FIRB approvals for investments in real estate by UK residents topping the scales at $4,610m.

China’s inroads into the Australian property market saw it take the second spot ($4,093m), followed by the USA ($3,404m). Malaysia ($1,863m) and the Netherlands ($1,691m) complete the top five. Approvals by country of investor in 2010-11

Source: Your Investment Property Magazine,  yourinvestmentpropertymag.com.au

About Port Douglas

Port Douglas real estate - Real estate in Port Douglas is now sought after the world over. Our passion for where we live stems from Port Douglas being the only place in the world where two natural, world heritage listed sites (the Great Barrier Reef & Daintree Rainforest) exist side by side. If you would like buy or live in your own piece of paradise, please browse our real estate listings http://www.realestateportdouglas.com.au The views expressed in the Port Douglas blogs are not those of Century 21 Port Douglas Real Estate nor the Century 21 franchise.
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