Chinese developers buy one-third of Australia’s sites in 2016

Chinese developers bought almost 40 per cent of the total $5 billion spent on Australia’s residential development sites in 2016, with a clear trend towards buying up land in far-flung Sydney and Melbourne suburbs, new research shows. Knight Frank’s report, The Rise of Chinese Developers in Australia, found Chinese developers bought $2.4 billion of residential development sites in…

Chinese property buyers in Australia ‘have not stopped’

Chinese investment will continue to flow into Australia’s housing market despite tighter mainland capital restrictions, with real estate portal Juwai predicting levels will peak again despite a near-10 per cent fall in inquiries earlier this year. Inquiries on the website for Australian property from potential Chinese buyers have fallen 9.7 per cent in the first…

Shoddy builders using foam bricks in cheap homes

THE construction scandal ­engulfing Australia is becoming so dangerous a property expert has revealed foam fake bricks are being used in shoddy homes by dodgy builders.National building and property maintenance consultant Roscon Property Services said developers were putting residents at risk by using polystyrene bricks to cut costs on the “Esky” homes.It comes as one…

Dairy farmer facing $180,000 fine after battle with council 

A dairy farmer hoping to save his struggling family farm is facing a huge $180,000 fine after a battle with the local council over opening up his scenic backyard to holiday campers. The Sunshine Coast Council issued the fine to Shane Paulger for not complying with council regulations or getting his campsite approved. Mr Paulger…

Chinese to build new $1bn City between Brisbane and the Gold Coast

Chinese hands have snatched up sprawling sugar cane fields on the northern tip of Queensland’s Gold Coast with the intentions of turning the rural landscape into a new city.Songcheng Performance Development, owned by a Chinese theme park entrepreneur, is the company striking a deal to develop the Norwell Valley, which is located smack bang between…

$1.2bn Chinese claim legal action QLD casino if not approved 

A Chinese government-owned company allegedly claimed to have a $1.2 billion legal action against Queensland taxpayers if its plans for a casino mega-resort on the Southport Spit are not approved by the state government. China State Construction Engineering Corporation, through the ASX-listed ASF Group, is planning to build a $3bn casin­o ­resort with five high-rise…

China backers control $3bn Gold Coast casino project

Chinese-based interests hold the vast majority of shares in the parent company behind a consortium in exclusive government negotiations to build a $3 billion ­casino, apartment and hotel mega-project on the Gold Coast. Shareholder records for the Sydney-based, ASX-listed, ASF Group show of all companies ­listed among its top 20 shareholders none are Australian, and…

Chinese to build $1bn city on QLD coast 

Vast sugar cane lands on the northern tip of the Gold Coast have fallen into Chinese hands in a $1 billion-plus deal that could see the rural landscape transformed into a new city by a Chinese theme park entrepreneur. Chinese company Songcheng Performance Development is striking the deal to give it control over a giant…

Questions over $750 million project in koala habitat area 

A Chinese property developer closely connected to a mayor in southeast Queensland has secured approvals to build a $750 million resort in a koala habitat that the state government has said it will not oppose. The approval by Logan council, which is expected to deliver massive windfalls to developer Liansheng Yue after he bought the…

Farmers good deed ends in court action by council 

A FARM owner who supplied dam water to neighbours during drought will face court tomorrow on charges of illegally removing native vegetation near the dam. Graeme Watkins allowed water to be pumped from the spring-fed dam on his Yanakie property to help neighbouring farmers last summer. But he has been charged by South Gippsland Shire…