{"id":1274,"date":"2024-06-24T14:44:37","date_gmt":"2024-06-24T04:44:37","guid":{"rendered":"https:\/\/anp-au.com\/?p=1274"},"modified":"2024-06-24T14:45:18","modified_gmt":"2024-06-24T04:45:18","slug":"2023foreignbuyer","status":"publish","type":"post","link":"https:\/\/anp-au.com\/en\/2023foreignbuyer\/","title":{"rendered":"Overseas property purchases in Australia surge by $1 billion, with Queensland transaction volumes doubling those in New South Wales"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Domain.com&#039;s latest data analysis today (24th) pointed out that Australia&#039;s overall property market attracted A$1 billion more than last year, and the volume of housing transactions in Queensland grew rapidly, reaching twice that of New South Wales.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Contents Overview<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/anp-au.com\/en\/2023foreignbuyer\/#%E5%BB%BA%E7%AF%89%E6%A5%AD%E7%96%B2%E8%BB%9F%E5%BD%B1%E9%9F%BF%E6%96%B0%E6%A8%93%E4%BA%A4%E6%98%93%E9%87%8F\" >Weak construction sector impacts new building transactions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/anp-au.com\/en\/2023foreignbuyer\/#%E4%B8%AD%E5%9C%8B%E8%B2%B7%E5%AE%B6%E4%BD%94%E4%BD%8F%E5%AE%85%E6%8A%95%E8%B3%87%E5%A4%9A%E6%95%B8_%E9%81%A0%E8%B6%85%E9%A6%99%E6%B8%AF%E5%8F%8A%E5%85%B6%E4%BB%96%E5%9C%8B%E5%AE%B6\" >Chinese buyers account for the majority of residential investment, far exceeding those in Hong Kong and other countries<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<p class=\"wp-block-paragraph\">According to the Australian Taxation Office&#039;s annual report, Queensland recorded 1,212 foreign property purchases in 2022-2023, a significant increase from 956 the previous year. New South Wales recorded 656 transactions in the same year, only a slight increase from 644 the previous year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Foreign buyers spent a total of A$4.9 billion in 5,360 transactions in 2022-2023, an increase of A$1 billion from 4,228 transactions the previous year. Victoria saw the highest number of foreign purchases of new homes, established homes, and vacant land, with 2,240 transactions, a significant increase from 1,703 in 2021-2022. Transactions in these three states accounted for 74.91% of all foreign buyer transactions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%BB%BA%E7%AF%89%E6%A5%AD%E7%96%B2%E8%BB%9F%E5%BD%B1%E9%9F%BF%E6%96%B0%E6%A8%93%E4%BA%A4%E6%98%93%E9%87%8F\"><\/span>Weak construction sector impacts new building transactions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Most property transactions were for properties valued at under $1 million, and fewer new homes were purchased last financial year than the year before, falling to 49.31 from 52.11 in the previous year, a drop closely tied to weakness in the construction sector.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%B8%AD%E5%9C%8B%E8%B2%B7%E5%AE%B6%E4%BD%94%E4%BD%8F%E5%AE%85%E6%8A%95%E8%B3%87%E5%A4%9A%E6%95%B8_%E9%81%A0%E8%B6%85%E9%A6%99%E6%B8%AF%E5%8F%8A%E5%85%B6%E4%BB%96%E5%9C%8B%E5%AE%B6\"><\/span>Chinese buyers account for the majority of residential investment, far exceeding those in Hong Kong and other countries<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Chinese buyers dominate residential investment, while US investors dominate commercial real estate. According to the federal government&#039;s latest Foreign Investment Review Board report, Chinese buyers were approved for purchases worth A$800 million in the first three months of this year. They were followed by Hong Kong, India, Vietnam, and Taiwan, each with approvals of around A$100 million.<\/p>","protected":false},"excerpt":{"rendered":"<p>Domain.com\u4eca\u65e5\uff0824\u65e5\uff09\u6700\u65b0\u6578\u64da\u5206\u6790\u6307\u51fa\uff0c\u6fb3\u6d32\u6574\u9ad4\u6a13\u5e02\u5438\u5f15\u7684\u8cc7\u91d1\u6bd4\u53bb\u5e74\u591a\u51fa10\u5104\u6fb3\u5143\uff0c\u800c\u6606\u58eb\u862d\u7684\u623f\u5c4b [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[34],"tags":[],"class_list":["post-1274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-34"],"_links":{"self":[{"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/posts\/1274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/comments?post=1274"}],"version-history":[{"count":2,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/posts\/1274\/revisions"}],"predecessor-version":[{"id":1277,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/posts\/1274\/revisions\/1277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/media\/1275"}],"wp:attachment":[{"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/media?parent=1274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/categories?post=1274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/tags?post=1274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}