Foreign Investors Drive Sydney / Melbourne

Foreign Investors Drive Sydney / Melbourne
May 7, 2015 Simon Pressley



The Foreign Investment Review Board (FIRB) has released its 2013-14 Annual Report and it shows investment in off-the-plan apartments grew from $5.73 billion to $16.4 billion.

Approved residential real estate applications increased from 11,668 to 23,054 in 2013-14. Sydney and Melbourne are the biggest draw cards for foreign investment.

China was the largest source of investment ($27.7 billion) followed by the United States ($17.5 billion).

Propertyology are Australia’s most respected Buyer’s Agents, not just analysts.

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