Quote:
Originally Posted by Larryp
At the end of FY2016, land under foreign ownership was 52.1 million hectares, of which 9.4 million hectares, or less than 2o% was freehold, and 43.4 million hectares was leasehold.
The largest landholder was Great Britain, with 52.7%
USA with 14.8%
Netherlands with 5.7%
Singapore with 3.6%, followed by China with 2.8%
Perhaps we should be concerned about a second British invasion  |
The threat of Chinese ownership of rural properties is overblown. It will ebb and flow with crop prices.
The majority of Chinese ownership is in cities. Certainly in my town Melbourne, the most expensive suburbs are becoming increasingly Chinese. Go to an auction in the inner east from Balwyn to Glen Waverley (an expensive part of the city), and you could well be in Singapore. Locals get blown out of the water by what the Chinese are willing to pay.
Likewise, city apartments are largely Chinese now too.