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Foreign investment is vital to the strength of the Australian economy. Australia depends on international capital to finance the pool of investment that underpins its economic growth. Over the past 25 years, the gap between Australia’s domestic savings and its investment needs has been around 4 per cent of GDP. International capital has made up the difference, filling the gap between what Australia saves and invests every year and allowing Australia to have higher rates of economic growth than would otherwise be possible.
However, the value and significance of foreign investment, particularly in real estate, are poorly understood. There has been limited analysis of the role of foreign investment across the whole property industry, and this type of investment is often viewed solely through the lens of the residential property market. Against this background, the Property Council of Australia (Property Council) commissioned ACIL Allen Consulting (ACIL Allen) to undertake this research.
Find this article at: https://acilallen.com.au/projects/other/benefits-of-foreign-investment-in-real-estate