FOREIGN investors have snapped up tens of billions of dollars of Australia’s prime agricultural land and rural enterprises.

Concern is growing in rural areas as foreign government-backed entities buy up significant parcels of agricultural land. Mainly from China, the Middle East and Singapore – are sizing up potential investments as global powers move to secure food supplies.

More than $9 billion of prized agricultural assets have been sold to offshore interests in the past two years alone, The Daily Telegraph said on Monday.

Along with land, the United States and Britain are moving into the domestic water market at a time of heightened tension over control of the vital asset.

Nationals MP Mark Coulton, who represents the NSW rural and regional electorate of Parkes, said there was concern that some key properties in western NSW were falling into foreign hands. Continue reading →

Carefully selected property in Australia offers high capital growth potential, particularly off-plan units in cities such as Melbourne and Sydney as well as in coastal regions where demand is at its highest for new properties. The growth in availability of apartment units and townhouses has been quite dramatic and off-plan is still considered to be a highly profitable option for investment property in Australia. Continue reading →