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



Brisbane's arts and culture events centre stage

A CITY drenched in culture, Brisbane is again flaunting an arts and culture events calendar fit for a queen.

Homewares stores to fulfil your Instagram dreams

No Caption

You too can become an Insta-star with these fab stores.

Date nights under $50

Nothing is more romantic than a picnic with a cracking view.

NOT every date has to cost you a bomb.

Top 10 Brisbane experiences to cross off your bucket list

Do yourself a favour and get amongst the food truck scene. Eat Street is a great place to start.

A GOOD bucket list doesn’t have to span continents or cost millions.

Six mega sporting events you need to be at this year

Don't miss all the action trackside this season.

IF THERE is one thing Brisbane does damn well, it’s play host.

Six reasons to get to Brisbane this Autumn

The Brisbane Powerhouse has free comedy on Friday nights.

AUTUMN has to be up there with one of the best seasons of the year.

The best things to do in Brisbane are FREE. Yes, FREE

Mt Coot-tha is a seriously gorgeous way to start your day.

HEADING to the big smoke doesn’t have to come with a big price tag.

Fraser Coast asks AEC to be part of one electorate

Llew O'Brien - federal coalition candidate for Wide Bay.Photo: Alistair Brightman / Fraser Coast Chronicle

Fraser Coast requested to be placed wholly in Wide Bay.

Upbeat sounds at Maryborough's cultural hub tonight

Irish band Slainte, whose name means cheers or good health in Gaelic, will perform at Gatakers by Night on Saturday.

Cultural evening at Gatakers Artspace

Tiaro wins battle but Bauple and Gunalda move to Gympie

AMEN ded : Changes to the Maryborough electorate after the Queensland Redistribution Commission's final determination. Blue denotes the old boundary, orange denotes the proposed changes, and red areas are those accepted in the final determination.

Tiaro will stay but other Fraser Coast towns are now in Gympie.

Local Partners

Book review: Mia Freedman's book meets her critics head on

IF AUSTRALIA does have a tall poppy syndrome, Mia Freedman has most certainly been a victim.

Model Bella Hadid's see-through dress shocks in Cannes

US model Bella Hadid attends the Cinema Against AIDS amfAR gala 2017 held at the Hotel du Cap, Eden Roc in Cap d'Antibes, France, 25 May 2017.

It’s like she’s become addicted to shock value.

No room for morbid fans

Chris Cornell.

Fans want to stay in the hotel room where Chris Cornell died

Star Wars' 1977 Stormtrooper head banger confesses

A Stormtrooper is responsible for the biggest blunder in a Star Wars movie. Picture: Supplied

Man in most famous blooper in Star Wars history breaks silence

Lyn's knock-out show gets her to next round on The Voice

ONWARDS AND UPWARDS: Lyn Bowtell is through to the battle rounds on The Voice.

'It was bitter sweet to win like that'

Report reveals progress on $319m airport upgrade

Aerials of the Sunshine Coast.Jetstar plane in front of the Susnhine Coast terminal, Sunshine Coast Airport.

Over two dozen government approvals needed for airport expansion

Lost dough leaves sour taste after company collapse

Kathleen and John Mahoney from Sugar and Spice Bakery were stung after the collapse of Cantro Pty Ltd and are still owed money.

Supermarket operator collapse leaves sour taste for bakery

Open for inspection homes May 25-31

Check out this weekend's homes open for inspection

How Toowoomba house prices compare in Australia

For sale sign in front of home.

Here's what $700,000 will buy you in Toowoomba, Brisbane and Sydney

One of Maryborough's most historic homes is still for sale

FULL OF HISTORY: Trisha Moulds is owner of the historic Tinana state known as Rosehill. The beautiful home is currently for sale.

It has been the scene of both joy and tragedies over the years.

Ready to SELL your property?

Post Your Ad Here!