The Land | 19 October 2011
UK investors dominate ownership of NSW farmland, according to a report from PRDnationwide.
More than 613,000 hectares of NSW's agricultural land is owned by UK-based investors, compared with 227,300 ha owned by Korean interests and 55,560 ha by US investors, The Australian Financial Review reports.
The research found foreign investment in grazing properties is largely concentrated in the state's west, while there was interest in mixed agriculture and cropping operations in the Orana, Central West and Riverina districts.
"The Griffith area in the Riverina is also popular with vineyard owners, as is the Hunter Valley, where private Chinese tycoons have been purchasing properties . . . to produce their own label wine," said PRDnationwide NSW research manager Oded Reuveni Etzioni.
The researcher called for legislation to control foreign land ownership.
--
Foreign investors grabbing NSW farmland
BrokerNews | 18 October 2011
By Adam Smith
Foreign property investors are snapping up farmland in NSW, it has been reported.
According to a report by PRDnationwide, investors from the UK account for the largest foreign property investment in NSW agricultural land, buying more than 613,000ha. Korean investors rank second with 227,300ha.
Ninety-two per cent of the UK investment in NSW land is represented by one company, John Swire & Sons, with another UK mixed farming investor, MHPF Fund, now expanding rapidly to acquire agricultural land in the state.
PRDnationwide NSW research director Oded Reuveni Etzioni said the figures show strong foreign investment in distressed agricultural properties in the state.
"Foreign companies are investing not only for the monetary benefits, but also to secure scarce resources," he said.
Reuveni Etzioni pointed to Chinese mining company Shenhua Watermark, and said the company has invested the highest monetary amount in NSW land, with a total investment of $158m.
"The Chinese coal miner owns approximately 33,000ha in the Gannedah region, with arable land purchased over the last two years accounting for a large portion of it," he commented.
UK investors dominate ownership of NSW farmland, according to a report from PRDnationwide.
More than 613,000 hectares of NSW's agricultural land is owned by UK-based investors, compared with 227,300 ha owned by Korean interests and 55,560 ha by US investors, The Australian Financial Review reports.
The research found foreign investment in grazing properties is largely concentrated in the state's west, while there was interest in mixed agriculture and cropping operations in the Orana, Central West and Riverina districts.
"The Griffith area in the Riverina is also popular with vineyard owners, as is the Hunter Valley, where private Chinese tycoons have been purchasing properties . . . to produce their own label wine," said PRDnationwide NSW research manager Oded Reuveni Etzioni.
The researcher called for legislation to control foreign land ownership.
--
Foreign investors grabbing NSW farmland
BrokerNews | 18 October 2011
By Adam Smith
Foreign property investors are snapping up farmland in NSW, it has been reported.
According to a report by PRDnationwide, investors from the UK account for the largest foreign property investment in NSW agricultural land, buying more than 613,000ha. Korean investors rank second with 227,300ha.
Ninety-two per cent of the UK investment in NSW land is represented by one company, John Swire & Sons, with another UK mixed farming investor, MHPF Fund, now expanding rapidly to acquire agricultural land in the state.
PRDnationwide NSW research director Oded Reuveni Etzioni said the figures show strong foreign investment in distressed agricultural properties in the state.
"Foreign companies are investing not only for the monetary benefits, but also to secure scarce resources," he said.
Reuveni Etzioni pointed to Chinese mining company Shenhua Watermark, and said the company has invested the highest monetary amount in NSW land, with a total investment of $158m.
"The Chinese coal miner owns approximately 33,000ha in the Gannedah region, with arable land purchased over the last two years accounting for a large portion of it," he commented.
