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Commonwealth Life : Australian Foreign Investment in Property Sector

Review the Australian Foreign Investment in Property Sector to add jobs in the Australian construction industry. This investigation will determine whether these goals are met.

The Australian Government is reviewing laws and laws regarding foreign investment in the property sector . This unit link terbaik di Indonesia Commonwealth Life investra link is done in the middle of the value of Chinese investment of nearly $ 6 billion ( Rp 68 trillion ) . A review of these regulations will focus on whether or not occupied apartments already sold .

Australia has been the goal of the most popular property investment for Chinese citizens . Some financial institution estimates that Chinese citizens buy about 12 percent of new homes . The most interesting is the city of Sydney and Melbourne . There are apartment blocks in cities that are 100 percent unit owned and occupied by Chinese citizens .

A report from Credit Suisse reported that 18 percent of new homes in Sydney and 14 per cent of new homes purchased in Melbourne by Chinese citizens . A total of 44 billion dollars in investments are expected to pour over the seven years to 2020 .

Who chaired the committee that will investigate the matter , namely housing economics committee , was a member of parliament from the Liberal Party , Kelly O'Dwyer . According to O'Dwyer , the main issue of investigation is occupied or not the units are sold . " Is the original mandate to provide additional shelter which in turn can be bought by investors and homeowners Australia , " he said . (unimed)

Most foreign buyers could only buy a new home built , because the current policy aims to make money from abroad to help increase the supply of Australian homes and do not result in price increases for people in Australia alone .

However , when a lot of new properties are not occupied , then there would be no additional homes available on the market . Therefore , foreign investment had increased inventories in the short term .

Credit Suisse report also found that Chinese buyers currently increasingly becoming " marginal buyer " that is, people who are willing to pay more than others , resulting in an increase in the estimated price to the market .

According to O'Dwyer , mandates that bear foreign investment in residential real estate is to increase the supply of houses and adding jobs in the Australian construction industry . This investigation will determine whether these goals are met . (detik)

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