go-tazz
Community Member
In response to debra9275

on ‎01-05-2015 09:17 AM

According to the Foreign Investment Review Board:

 

  • The majority of foreign investment is centred on Melbourne and Sydney
  • Between July in 2013, and March in 2014, $24.8 billion worth of foreign investment has been approved.
  • The above sum is 44% higher than the $17.2 billion between 2012 and 2013.
  • Between July 2013 and March 2014, the FIRB approved the purchase of 5755 existing properties.

That's going to hurt Aus in the long run as most will be rental properties in those cities.

 

As for farm land,(we wont have enough to support ourselves in the long run and may end up having to buy

 

from "unsafe" countries), stubborn_smiley_by_mirz123-d4bt0te_zps12f1a5a3.gif

debra9275
Community Member

‎01-05-2015 10:15 AM - edited ‎01-05-2015 10:20 AM

http://www.abc.net.au/news/2013-09-12/indonesia-plans-to-buy-1m-hectares-of-grazing-land/4952578  - sept 2013

 

Icyfroth wrote:

 

Wow they get 600 mil per annum fom Australia so they can buy up large tracts of Australian Land. That's probably where the Kidman property is going. Goodbye Australian Beef Industry.

 

 

however: May 2014

 

http://www.skynews.com.au/business/business/national/2014/05/03/indonesia-shelves-aust-cattle-farm-b...

 

Plans by a state-owned Indonesian business to buy large stakes in Australian cattle 'ranches' have reportedly been shelved, with the company blaming the high US dollar for its decision.

The agribusiness PT Rajawali Nusantara Indonesia had planned on acquiring stakes in cattle stations capable of holding up to half a million head, The Jakarta Post reports.

But the company's director now says the plan is 'unfeasible' due to a rise in the US dollar and difficulties in acquiring an import permit from Indonesia's agriculture ministry.

 

 

 

 

so the bottom line is, they couldn't afford to do it, so it has absolutely nothing to do with the 600 million in aid that we give them anyway

 

 

not that I agree with  them buying any land here

 

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