All Topics / General Property / FIRB report on foreign investment

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    @itsandrew
    Join Date: 2007
    Post Count: 294
    May 23, 2010 - 9:31 pm

    Hi all,

    I was just reading about a FIRB report released last week about foriegn investment in Australia.  It says that there were $14.9bn worth of Australian property purchased by foreigners.  Apparently this figure doesnt include a range of foreign investments that used to be counted before the rule changes last year.

    Is foreign investment having much of an impact on housing prices?

    Also, I have some faint memories that Kevin Rudd was talking about re-tightening the rules after they were relaxed last year.  Is this true and will it make any difference?

    Andrew

    itsandrew

    Go as far as you can see and you will see further.

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