Chinese buyers pay top dollar for Hawkesbury properties

The sale of Windsor’s Lachlan Court building to a Chinese buyer is part of a trend happening around the Hawkesbury. The $9.5m figure achieved was only possible by marketing it overseas, selling agent David Lee from Leaders Estate Agents at Gladesville told the Gazette on Thursday. “Local developers could only come up with $6m,” he said….

Chinese developer’s billion-dollar proposal would move Sydney motorway

A wealthy Chinese developer is pushing the New South Wales Government to overhaul its plans for billions of dollars in infrastructure around Badgery’s Creek Airport to make way for a bold development proposal. The 344 hectare parcel of prime land north of Elizabeth Drive at Badgery’s Creek is owned by accused murderer Ron Medich and…

Contaminated risk for western Sydney water due to poorly planned housing developments

POORLY planned housing developments in Western Sydney are contaminating the water supply and could contribute to a citywide shortage in future, NSW government documents warn. Documents obtained by The Daily Telegraph can reveal WaterNSW and Sydney Water have voiced concerns that Sydney’s urban sprawl and booming population are putting increasing pressure on the water system,…

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…

New plan to dam WA’s Fitzroy river and create cotton powerhouse

A New South Wales-based company has put forward a new plan to dam Western Australia's Fitzroy River. AM has obtained a leaked copy of the detailed proposal from retired NSW cotton farmer and KIMCO founder John Logan. The document argues it could transform the Kimberley into a cotton powerhouse rivalling New South Wales and Queensland.But…

Plans to privatise Lindeman Island National Park land, Chinese developers to build accommodation exclusive for wealthy tourist

NEARLY 37 hectares of Lindeman Island National Park will be privatised if the recommendations of an Environmental Impact Statement (EIS) released this afternoon are approved. The EIS details plans to privatise Lindeman Island National Park and place it in the hands of Chinese company, Whitehorse Developments, which will create exclusive accommodation for wealthy tourists. The…

Six thousand new homes on Vic defence land

Thousands of new homes will be built on former defence land in Melbourne that the federal government has released for general sale. The federal government predicts 6000 homes can be built on 128 hectares of former defence land where the old Maribyrnong munitions factory operated during World War I. ‘It’s a very prominent site in…

Beekeepers concerned about risks from imported honey

Australian beekeepers have called on the federal government to investigate the risk posed to the local $100 million honey industry and bee population by the recent jump in honey imports. The Australian Honey Bee Industry Council is concerned imported honey from countries such as China and Mexico could contain live viruses and bacteria that cause…

Chinese buying big in Australian agribusiness

CHINA’S investment in Australian agribusiness has tripled in just one year as China strives to meet rising demand for high-quality food among its growing middle class. In 2016, Chinese companies invested $1.2 billion in Australian agribusiness, three times the investment of $375 million in 2015, shows a report form financial services provider KPMG and the…