Public perceptions of foreign and Chinese real estate investment: intercultural relations in Global Sydney

Rogers, D; Wong, A; Nelson, J

Public perceptions of foreign and Chinese real estate investment: intercultural relations in Global Sydney

Rogers, D Wong, A Nelson, J

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Publication Type:: Journal Article
Citation:: Australian Geographer, 2017, 48 (4), pp. 437 - 455
Issue Date:: 2017-10-02

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Field	Value	Language
dc.contributor.author	Rogers, D	en_US
dc.contributor.author	Wong, A	en_US
dc.contributor.author	Nelson, J https://orcid.org/0000-0001-7848-0604	en_US
dc.date.issued	2017-10-02	en_US
dc.identifier.citation	Australian Geographer, 2017, 48 (4), pp. 437 - 455	en_US
dc.identifier.issn	0004-9182	en_US
dc.identifier.uri	http://hdl.handle.net/10453/124188
dc.description.abstract	© 2017 Geographical Society of New South Wales Inc. Moving foreign human and financial capital through landed property is not a new phenomenon in Sydney. It is a recurring geopolitical strategy that is replete with intercultural tension and deep colonial roots. In contemporary Australia, there is an assumption in public policy and media rhetoric that there is a high level of public concern about foreign investment. However, there is little empirical data that examines public perceptions. In this study, we are interested in whether the dominant voices in this debate represent broad public views about this issue. We sought to fill this gap by conducting a survey of almost 900 Sydney residents, looking at their perceptions of foreign and Chinese investment. We find high levels of public concern and discontent about foreign investment amongst Sydneysiders, with Chinese investors being a key target of this discontent. In the context of high housing prices in Sydney, there were widely held concerns about housing affordability. Survey respondents had a sophisticated understanding of what influences house prices, but with an overemphasis on the role of foreign investment. There is a general lack of support for policy that encourages foreign investment, and a lack of confidence in how the government is regulating foreign investment. Half of our participants reported that they would not welcome Chinese foreign investment in their suburb.	en_US
dc.relation.ispartof	Australian Geographer	en_US
dc.relation.isbasedon	10.1080/00049182.2017.1317050	en_US
dc.subject.classification	Geography	en_US
dc.title	Public perceptions of foreign and Chinese real estate investment: intercultural relations in Global Sydney	en_US
dc.type	Journal Article
utslib.citation.volume	4	en_US
utslib.citation.volume	48	en_US
utslib.for	2002 Cultural Studies	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Arts and Social Sciences
pubs.organisational-group	/University of Technology Sydney/Faculty of Arts and Social Sciences/Social and Political Sciences Program
utslib.copyright.status	closed_access
pubs.issue	4	en_US
pubs.publication-status	Published	en_US
pubs.volume	48	en_US

Abstract:

© 2017 Geographical Society of New South Wales Inc. Moving foreign human and financial capital through landed property is not a new phenomenon in Sydney. It is a recurring geopolitical strategy that is replete with intercultural tension and deep colonial roots. In contemporary Australia, there is an assumption in public policy and media rhetoric that there is a high level of public concern about foreign investment. However, there is little empirical data that examines public perceptions. In this study, we are interested in whether the dominant voices in this debate represent broad public views about this issue. We sought to fill this gap by conducting a survey of almost 900 Sydney residents, looking at their perceptions of foreign and Chinese investment. We find high levels of public concern and discontent about foreign investment amongst Sydneysiders, with Chinese investors being a key target of this discontent. In the context of high housing prices in Sydney, there were widely held concerns about housing affordability. Survey respondents had a sophisticated understanding of what influences house prices, but with an overemphasis on the role of foreign investment. There is a general lack of support for policy that encourages foreign investment, and a lack of confidence in how the government is regulating foreign investment. Half of our participants reported that they would not welcome Chinese foreign investment in their suburb.

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http://hdl.handle.net/10453/124188