Business

Thai owners invest $1.2m in Fraser Coast land

Aerial view of Maryborough, the pocket, Downer EDI.
Aerial view of Maryborough, the pocket, Downer EDI. Megan Pope

THE Fraser Coast is a sardine compared to the big fish in the sea of Queensland foreign land investment.

Department of Natural Resources and Mining data shows overseas interests spent $1.76m on 237.987ha of the region's land last year.

Interests from Thailand spent the most on the Fraser Coast with $1.2m fetching 158.367ha.

New Zealand investors were hot on their heels as they grabbed 7.876ha for $420,000.

United Kingdom investors spent $140,000 on 71.744ha.

Fraser Coast Real Estate Institute of Queensland zone chairwoman Linda Bland said the turnover was small compared with the region's property turnover.

"I don't think that we've noticed that there's been a big change or demand over the last year or so - in comparison to the rest of the market, it's still a very small proportion," Ms Bland said.

"Generally, the REIQ supports foreign investment because - with the rules by the Foreign Investment Review Board - it's really about creating extra stock and expanding the opportunities for affordable housing in the area and that's certainly an ongoing issue - there's not really enough stock."

Ms Bland said more international investors were needed.

"Any policy that supports providing more affordable housing is just going to benefit the region," she said.

"I don't know if it's something the regions can do, but with more policy structures to provide incentives, the region would generally support it.

"Our region is generally reliant on the construction industry and anything that creates more construction, more jobs and contributes to the economy.

"I'd certainly like to see any investment - whether it be foreign or otherwise that's good for the market."

Property investment expert Dr Andrew Wilson, of the Domain Group, said attracting international investors was vital for a strong economy.

"It is money coming into the country and foreign exchange is part of trade, so that's a positive because it does add to the wealth of our country - it's an import of capital," Dr Wilson said.

"It's an opportunity from that import of capital to create higher levels of investment and that's part of activating economic activity."

FOREIGN INVESTMENT

  • The value and amount of Fraser Coast land bought by foreign interests in 2013-14.
  • Thailand: 158.367 hectares, value $1,200,000
  • New Zealand: 7.876 hectares, value $420,000
  • United Kingdom: 71.744 hectares, value $140,000
  • Total: 237.987 hectares, value $1.760m
  • Source: the Department of Natural Resources and Mining.

Topics:  foreign investment, thailand




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

THE EXPERT: Stop judging working mothers

SUPER MUMS: Being a working mums comes down to perfecting time management.

"WORKING for money is all right; so is working because you want to.”

OPINION: How to prepare your child for day care

Your kids will love childcare, but it may take some adjusting.

GETTING your child ready for day care is vital.

MUMS' TOP 5: 'Musts' to have on your childcare checklist

SOME FALL SHORT: Organisations that train childcare workers will be subjected to extra audits.

SENDING your child off to day care can be daunting and confusing.

Health and nutrition with kids - how do you balance it?

HOW important is health and nutrition in your household?

Smack or no smack - where do you stand?

THE debate is reignited - is smacking acceptable?

Technology and kids: Do you ever cut their wi-fi?

Check out our new video series featuring mums having a chat

12-year-old girl airlifted after horror house fire

TRAGEDY: A young girl is fighting for life following a fire which ripped through this house on Noosa Rd at the Monkland in the early hours of this morning.

A 12-year-old Gympie girl is fighting for life

OPINION: Councillor bickering bad for the region

Fraser Coast Chronicle's Hayden Johnson has received the title of 2014's APN Editorial Awards' Best Photography by a reporter. Photo: Valerie Horton / Fraser Coast Chronicle

Mayor Chris Loft and councillor Stuart Taylor have traded complaints

Plane takes off from M’boro after three years of repairs

TAKE OFF:  Maryborough Aviation Services crew took three years to restore a Britten-Norman Islander.

Last week the Britten-Norman Islander began its flight to Vanuatu.

Latest deals and offers

Vivid timelapse

Screenshot from timelapse of Sydney's Vivid Festival

This timelapse shows Sydney's Vivid Festival

WIDE BAY LEAGUE: Cameron Hanrahan talks about United Warriors' win

WIDE BAY LEAGUE: Cameron Hanrahan talks about United Warriors' 4-3 win over Sunbury...

MATCHPLAY MINUTE: U13 Girls state hockey 2

This segment features the Under-13 Girls State Hockey Championships fixture between...

Three bedroom, 1100sqm block: Is this Qld's cheapest home?

BARGAIN BUY: Is this North Bundaberg property the cheapest home in Queensland?

Becoming a real estate mogul is all about risk and reward

PROPERTY BOOM: Coast prices set to skyrocket

Like other areas in south-east Queensland, the Sunshine Coast is at the start of the upturn on the property clock.

Values predicted to rise 25-33%