{"id":19918,"date":"2019-07-05T11:59:44","date_gmt":"2019-07-04T23:59:44","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=19918"},"modified":"2019-07-05T11:59:44","modified_gmt":"2019-07-04T23:59:44","slug":"get-over-it-bob-carrs-advice-to-prospective-homeowners-concerned-about-chinese-buyers","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/get-over-it-bob-carrs-advice-to-prospective-homeowners-concerned-about-chinese-buyers\/","title":{"rendered":"\u2018Get over it\u2019: Bob Carr\u2019s advice to prospective homeowners concerned about Chinese buyers"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Chinese buyers<\/strong><\/p>\n<p>Chinese buyers are snapping up Aussie real estate. But a prominent former politician had a simple response for those concerned.<\/p>\n<p class=\"description\">Concerns about Chinese buyers snapping up property, leading to higher prices, is a common bugbear among prospective homeowners.<\/p>\n<div class=\"story-content\">\n<p>Foreign investors are thought to own around 500,000 Australian homes, many of those in Sydney and Melbourne.<\/p>\n<p>But former Foreign Minister and New South Wales Premier Bob Carr has a simple response to those who are concerned about the influx of Chinese, and other nations, cash into Australian property: \u201cGet over it\u201d.<\/p>\n<p>The Government\u2019s Foreign Investment Review Board (FIRB), which regulates overseas investment in Australia, states China is second only to the US when it comes to countries splashing the cash down under.<\/p>\n<p>\u201cThe US recorded an increase in approved investment from $26.5 billion in 2016-17 to $36.5 billion in 2017-18, with significant increases in real estate,\u201d FIRB\u2019s most recent\u00a0<a href=\"https:\/\/firb.gov.au\/about\/publication\/2017-18-annual-report\/\" target=\"_blank\" rel=\"noopener\">annual report\u00a0<\/a>stated.<\/p>\n<p>\u201cChina was the second largest source country following a decrease in approved proposed investment to $23.7 billion in 2017-18 from $38.9 billion in 2016-17.\u201d<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.news.com.au\/finance\/economy\/get-over-it-bob-carrs-advice-to-prospective-homeowners-concerned-about-chinese-buyers\/news-story\/b9f053eb0bd99e20412a2b628133bb87\">NEWS.COM.AU<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Chinese buyers Chinese buyers are snapping up Aussie real<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/get-over-it-bob-carrs-advice-to-prospective-homeowners-concerned-about-chinese-buyers\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":2054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478102015,478098512,478098521,478106129,478098726,478098566,478098562,478103721,478098519,478098535,478098537,478106128,478098556,478098513,478101743,478099125,478098873,478098579,478098575,478098509,478098536,478098618,478098677],"class_list":["entry","author-data123nz","post-19918","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-aussie-real-estate","tag-australia","tag-australians","tag-bob-carr","tag-chinese-buyers","tag-first-home-buyers","tag-foreign-buyers","tag-foreign-investment-review-board","tag-home-ownership","tag-house-prices","tag-melbourne","tag-new-south-wales-premier","tag-nsw","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-queensland","tag-real-estate-news","tag-sydney","tag-sydney-property","tag-victoria"],"yoast_head":"<!-- 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