Foreign Investment Review Board Annual Report 2010‑11
Main points
• In 2012‑13, 12,731 proposals received foreign investment approval; compared with 10,703 in 2011‑12 (the sectoral breakdown below excludes 84 reorganisations).
– The real estate sector recorded 12,025 approvals, compared with 10,118 approvals in 2011‑12.
– Other sectors also had an increase in approvals with 622 approvals in 2012‑13, compared with 504 approvals in 2011‑12.
• Approvals in 2012‑13 were given for $135.7 billion of proposed investment. This represented a 20.5 per cent decrease on the $170.7 billion in proposed investment approved in 2011‑12.
– In real estate, approved proposed investment was $51.9 billion in 2012‑13, compared with $59.1 billion in 2011‑12. Proposed investment in commercial real estate decreased, from $39.4 billion in 2011‑12 to $34.8 billion in 2012‑13. Proposed investment in residential real estate also decreased, from $19.7 billion in 2011‑12 to $17.2 billion in 2012‑13.
– In other sectors, approved proposed investment in 2012‑13 was $83.8 billion, a decrease of 24.9 per cent compared with the $111.6 billion approved in 2011‑12.
• In 2012‑13, no proposals were rejected (compared with 13 real estate related proposals rejected in 2011‑12).
• The real estate sector was the largest destination by value, with approvals in 2012‑13 of $51.9 billion. In 2012‑13, the other major sectors were: mineral exploration and development, with approved proposed investment of $45.1 billion; and services (excluding tourism), with approved proposed investment of $25.9 billion.
• The United States ($20.6 billion) was again the largest source country for approved proposed investment in 2012‑13. Other major source countries of approved proposed investment in 2012‑13 were Switzerland ($18.4 billion), China ($15.8 billion), Canada ($14.4 billion) and the United Kingdom ($6.8 billion).
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Foreign Investment Review Board Annual Report 2010‑11
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