Jun 5, 2018
In this week's episode of the
Hotspotting podcast, Terry looks at the impact tighter Government
regulations have had on foreign investment and housing
affordability in the Australian property market.
He covers in this
the housing affordability issue is playing out like an episode of
the popular British sitcom Yes Minister.
- Findings from the latest report from the
Foreign Investment Review Board (FIRB) which shows the value of
foreign residential approvals dropped 65% between FY2016
- FY2017, due largely because of stricter
government controls in both China and Australia.
the likely outcome is a downturn in residential unit development,
particularly on the Gold Coast, Melbourne and Sydney.
Government over regulation on foreign investment is going to have a
significant negative impact on the affordability of unit dwellings
for younger buyers
need to understand the process of unit developments and why there
is a strong need for foreign investors to contribute to pre-sale
targets in order for developers to get the finance