Chinese investment in Aussie housing rockets

Thursday 30 April 2015

The Foreign Investment Review Board (FIRB) has released its Annual Report for 2013-14, which registered an explosion of applications from foreigners to purchase Australian real estate.

According to FIRB, there was a 94% increase in real estate approvals in 2013-14, which nearly doubled to 24,000 (see next chart).

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.