Chinese investment in Aussie housing explodes

Wednesday 10 May 2017

The Foreign Investment Review Board (FIRB) has released its Annual Report for 2015-16, which registered another strong increase in applications from foreigners to purchase Australian real estate.

According to FIRB, there was a 9% increase in the number of residential real estate approvals in 2015-16 to just over 40,000, with the value of approvals rising by 19% (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.