Land owned by Chinese investors soars tenfold in just a year – and they now own 14 MILLION hectares of Australian property
- Chinese investors own ten times more Australian land than they did last year
- More than 2.5%, or 14 million hectares of land, owned by Chinese interests
- Foreigners own a quarter of land in the NT and 14 per cent of all farms
Chinese investors now own ten times more Australian land than they did last year.
More than 2.5 per cent, or 14 million hectares of agricultural land, are owned by Chinese interests.
The UK and China are the largest owners of foreign-held land in Australia, according to figures from The Australian Tax Office’s Agricultural Land Register.
Chinese investors now own ten times more Australian land than they did last year
Foreigners own a quarter of land in the Northern Territory and 14 per cent of all farms across Australia, The Age reported.
In Queensland foreign interests own more than 17 million hectares, and in NSW and Victoria over 3 million hectares.
In November last year Fairfax revealed land owned by Chinese investors had risen to over 3 million hectares.
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