What Chinese are buying in Australia

THE Chinese continue to pour money into Australian businesses, infrastructure, resources and real estate to the tune of $15.36 billion in 2016. The figure is the highest it’s been since 2008 when Chinese direct investment reached its peak of $21.6 billion, according to a report from KPMG and the University of Sydney. Commercial real estate…

Chinese investment is at the highest levels since the GFC.

Chinese investment in Australia has reached the highest level since the global financial crisis (GFC), up 12 per cent from 2015 to $15.4 billion last year. A new report from Sydney University and accounting firm KPMG found a record 103 deals were signed between Chinese and Australian companies in 2016. But the annual report, Demystifying…

Proposed Phillip Island cancer facility to target Chinese visitors

Phillip Island could become a destination for Asian tourists jetting in to seek cancer treatment. A major proposal is afoot to build an international radiation, oncology and chemotherapy treatment centre, complete with 72-bed luxury accommodation and possible golf course. More than a million visitors flock to Phillip Island each year, with the penguin parade a…

Property sector recruits Chinese real estate agents on 457 visas

More than one Chinese real estate agent was brought to Australia on a 457 visa every week during 2016 to allow businesses to take advantage of the offshore investment boom. The 2016 figures for the 457 program released this week show there were slightly fewer workers in Australia on the controversial temporary visa at the…

Property sector recruits Chinese real estate agents on 457 visas

More than one Chinese real estate agent was brought to Australia on a 457 visa every week during 2016 to allow businesses to take advantage of the offshore investment boom. The 2016 figures for the 457 program released this week show there were slightly fewer workers in Australia on the controversial temporary visa at the…

Adani hopes to start Australian coal mine project by August

Gautam Adani expects the first coal to come out of the mines by 2020Adani Group Chairman Gautam Adani, whose $22 billion Carmichael coal mine and port cum railhead project in Queensland is being opposed by some people, says he is hopeful of starting it by August this year. “We expect the final federal approvals by…

Aussies accepting farm sales to China,   claims Australia-China Relations 

Australians are not as opposed to Chinese investors buying local farms and agricultural assets as often claimed, the Australia-China Relations Institute said. Institute deputy director James Laurenceson said a survey by the group showed the Australian public was more nuanced and sophisticated about the benefits and disadvantages of greater foreign investment in agriculture by Chinese…

China’s dodgy $1 billion in Australian property

Australian financial intelligence officials last year investigated more than $3.3 billion of suspect transfers by Chinese investors — including $1bn invested in property — raising concerns that Australia’s foreign ownership laws are being sidestepped by people desperate to get their money out of China. A total $3.36bn of suspicious financial transactions were reported in 2015-16…

Minister accused of misleading over plans to resume QLD farms 

DEFENCE Minister Marise Payne has been accused of misleading Parliament over plans to resume Queensland farmland under a lucrative military deal with Singapore due to fears it would cost the Turnbull Government votes. State Agriculture Minister Bill Byrne yesterday said Senator Payne and Department of Defence bureaucrat Peter Baxter misled a Senate Estimates hearing last…