Is Australia Selling Off Its Real Estate?

Karantonis, AC

Is Australia Selling Off Its Real Estate?

Karantonis, AC

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Publisher:: PRRES
Publication Type:: Conference Proceeding
Citation:: Proceeding from the PRRES Conference - 2011, 2011, pp. 1 - 11
Issue Date:: 2011-01

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Field	Value	Language
dc.contributor.author	Karantonis, AC	en_US
dc.contributor.editor	-	en_US
dc.date	2011-01-16	en_US
dc.date.issued	2011-01	en_US
dc.identifier.citation	Proceeding from the PRRES Conference - 2011, 2011, pp. 1 - 11	en_US
dc.identifier.uri	http://hdl.handle.net/10453/19360
dc.description.abstract	In the recent Federal election campaign in Australia, the Greens political party and several other candidates from other political persuasion expressed a concern that Australia was opening up and selling off its real estate to foreign buyers. They also argued that this has resulted in making residential real estate unaffordable to the average person in Australia. According to the Foreign Investment Review Board (FIRB), the level of 'expected' foreign investment in Australian real estate has increased from $269 million to $45 billion over the past 30 years. This paper will examine the regulations for foreign investment in the Australian real estate market and identify the critical changes to these regulations over the past three decades. It will also identify the changing investment patterns and the level of investment and see if there is a relationship between foreign investment and rising prices in the Australian residential real estate market.	en_US
dc.publisher	PRRES	en_US
dc.relation.ispartof	Proceeding from the PRRES Conference - 2011	en_US
dc.relation.ispartof	17th Annual Pacific Rim Real Estate Society Conference	en_US
dc.title	Is Australia Selling Off Its Real Estate?	en_US
dc.type	Conference Proceeding
utslib.location	http://www.prres.net/	en_US
utslib.location.activity	Gold Coast, Queensland	en_US
utslib.for	1205 Urban and Regional Planning	en_US
dc.location.activity	Gold Coast, Queensland	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 Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	open_access
pubs.consider-herdc	true	en_US
pubs.place-of-publication	http://www.prres.net/	en_US
pubs.start-date	2011-01-16	en_US

Abstract:

In the recent Federal election campaign in Australia, the Greens political party and several other candidates from other political persuasion expressed a concern that Australia was opening up and selling off its real estate to foreign buyers. They also argued that this has resulted in making residential real estate unaffordable to the average person in Australia. According to the Foreign Investment Review Board (FIRB), the level of 'expected' foreign investment in Australian real estate has increased from $269 million to $45 billion over the past 30 years. This paper will examine the regulations for foreign investment in the Australian real estate market and identify the critical changes to these regulations over the past three decades. It will also identify the changing investment patterns and the level of investment and see if there is a relationship between foreign investment and rising prices in the Australian residential real estate market.

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http://hdl.handle.net/10453/19360