Foreign investors grabbing NSW farmland

By |

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.

Related stories:

Australia still attractive to investors

Chinese investment new broker opportunity

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Top Suburbs : midland , westbrook , mt lawley , toowong , freshwater

go back

Get help with your investment property

Do you need help finding the right loan for your investment?

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here