Foreign investment in real estate has long been a politically and financially contentious issue in Australia, with bipartisan support for foreign investment from both sides of the political aisle to allow overseas investment in real estate.
However, erroneous misconceptions remain as to the actual impact that foreign, and in particular Chinese investment has in Australia.
Despite substantive evidence to the contrary, such as the findings of an Australian Treasury report late last year, a definitive intercultural relations breakdown persists among the populace, with many keen to point the finger at Chinese and other foreign nationals for the price growth in the major Sydney and Melbourne housing markets.
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.