The Politics of Foreign Investment in Australian Housing: Chinese Investors, Translocal Sales Agents and Local Resistance

Housing Studies

Volumn 30, Issue 5, 2015, Pages 730-748

  Rogers, Dallas ^a   Lee, Chyi Lin ^a   Yan, Ding ^b  

^a UNIVERSITY OF WESTERN SYDNEY   (Australia)

^b NATIONAL UNIVERSITY OF SINGAPORE   (Singapore)

Author keywords

Chinese investment; foreign investment; housing affordability; housing policy

Indexed keywords

AFFORDABLE HOUSING; FOREIGN DIRECT INVESTMENT; HOUSING POLICY; INTERNATIONAL RELATIONS; MINORITY GROUP; POLITICAL INTEGRATION; SOCIAL HOUSING;

AUSTRALIA; MELBOURNE; NEW SOUTH WALES; SYDNEY [NEW SOUTH WALES]; VICTORIA [AUSTRALIA];

EID: 84947031683     PISSN: 02673037     EISSN: 14661810     Source Type: Journal    
DOI: 10.1080/02673037.2015.1006185     Document Type: Article

References (69)

1. A.Beer & D.Faulkner(2009) 21st Century Housing Careers and Australia's Housing Future(Melbourne: Australian Housing and Urban Research Institute)
2. J.Berry, S.McGreal & P.Scales(1999) Pacific Rim cities: The relationship between planning systems, property markets and real estate investment, in: J.Berry & S.McGreal(Eds) Pacific Rim: Planning Systems and Property Markets, pp. 1–21(London: E & FN Spon)
3. M.Berry, C.Whitehead, P.Williams & J.Yates(2004) Financing Affordable Housing: A Critical Comparative Review of the United Kingdom and Australia(Melbourne: Australian Housing and Urban Research Institute)
4. P.Buckley, J.Clegg, A.Cross, X.Liu, H.Voss & P.Zheng(2010) The determinants of Chinese outward foreign direct investment, in: P.Buckley(Ed.) Foreign Direct Investment, China and the World Economy, pp. 81–118(Basingstoke: Palgrave Macmillan)
5. J.Butler(1997) Excitable Speech: A Politics of the Performative(New York: Routledge)
6. M.Buxton & E.Taylor(2011) Urban land supply, governance and the pricing of land, Urban Policy and Research, 29(1), pp. 5–22. doi:10.1080/08111146.2011.537605.
7. R.Coase & N.Wang(2013) How China Became Capitalst(Basingstoke: Palgrave Macmillan)
8. Department of Education(2014) Monthly Summary of International Student Enrolment Data—Australia—YTD September 2014(Canberra: Australian Government)
9. D.W.Edgington(1996) Japanese real estate investment in Canadian cities and regions, 1985–1993, Le Géographe canadien, 40, pp. 292–305.
10. N.Fairclough(1992) Discourse and Social Change(Cambridge: Policy Press)
11. N.Fairclough(1995) Media Discourse(London: St Martin's Press)
12. N.Fairclough(2003) Analysing Discourse(London: Routledge)
13. D.Featherstone(2011) On assemblage and articulation, Area, 43(2), pp. 139–142. doi:10.1111/j.1475-4762.2011.01007.x.
14. R.Fincher & L.Costello(2005) Narratives of high-rise housing: Placing the ethnicized newcomer in inner Melbourne, Social & Cultural Geography, 6(2), pp. 201–217. doi:10.1080/14649360500074634.
15. M.Gauder, C.Houssard & D.Orsmond(2014) Foreign Investment in Residental Real Estate(Sydney: Reserve Bank of Australia – Bulletin)
16. D.Grant, C.Hardy, C.Oswick & L.L.Putnam(2004) The Sage Handbook of Organizational Discourse(London: Sage Publications)
17. N.Gregson & G.Rose(2000) Taking Butler elsewhere: Performativities, spatialities and subjectivities, Environment and Planning D: Society and Space, 18(4), pp. 433–452. doi:10.1068/d232.
18. N.Gurran & C.Whitehead(2011) Planning and affordable housing in Australia and the UK: A comparative perspective, Housing Studies, 26(7–8), pp. 1193–1214. doi:10.1080/02673037.2011.618982.
19. G.Hage(1998) White Nation: Fantasies of White Supremacy in a Multicultural Society(Annandale: Pluto Press)
20. J.Hajdu(2005) Samurai in the Surf: The Arrival of the Japanese on the Gold Coast in the 1980s(Canberra: Pandanus Books)
21. I.Hay(2013) Geographies of the Super-Rich Northampton(Cheltenham: Edward Elgar Publishing)
22. K.Hulse & T.Burke(in press) Private rental housing in Australia: Political inertia and market change, in: R.Dufty-Jones & D.Rogers(Eds) Housing in Twenty-First Century Australia: Contemporary Debates(Aldershot: Ashgate)
23. L.Jayasuriya & K.Pookong(1999) Asianisation of Australia?: Some Facts about the Myths(Melbourne: Melbourne University Press)
24. B.Javorcik, Ç.ÖzdenM.Spatareanu & C.Neagu(2011) Migrant networks and foreign direct investment, Journal of Development Economics, 94(2), pp. 231–241.
25. Jones Lang LaSalla(2014) Investment Outlook, Global Amibitions: Los Angeles Becomes a New Focal Point for Chinese Capital and Development(New York: Jones Lang LaSalla)
26. F.Kittler(1995) Discourse Networks 1800/1900. Translated by M.Metteer & C.Cullens. Stanford: Starford University Press.
27. J.Laurenceson(2008) Chinese investment in Australia, Economic Papers: A Journal of Applied Economics and Policy, 27(1), pp. 87–94. doi:10.1111/j.1759-3441.2008.tb01028.x.
28. C.McFarlane(2009) Translocal assemblages: Space, power and social movements, Geoforum, 40(4), pp. 561–567. doi:10.1016/j.geoforum.2009.05.003.
29. V.Milligan, N.Gurran, J.Lawson, P.Phibbs & R.Phillips(2009) Innovation in Affordable Housing in Australia: Bringing Policy and Practice for Not-For-Profit Housing Organisations Together(Sydney: Australian Housing and Urban Research Institute)
30. K.Mitchell(1993) Multiculturalism, or the united colors of capitalism?Antipode, 25(4), pp. 263–294. doi:10.1111/j.1467-8330.1993.tb00220.x.
31. National Australia Bank(2013) Quarterly Australian Residential Property Survey: Q2 2013(Sydney: National Australia Bank)
32. C.Paris(2013) The homes of the super-rich: Multiple residences, hyper-mobility and decoupling of prime residential housing in global cities, in: I.Hay(Ed.) Geographies of the Super-Rich, pp. 94–109(Cheltenham: Edward Elgar)
33. B.Ray, G.Halseth & B.Johnson(1997) The changing ‘face’ of the suburbs: Issues of ethnicity and residential change in suburban Vancouver, International Journal of Urban and Regional Research, 21(1), pp. 75–99. doi:10.1111/1468-2427.00059.
34. D.Rogers,(in press) Becoming a super-rich foreign real estate investor: Globalising real estate data, publications and events, in: R.Forrest, S.Y.Koh, B.Wissink(Eds.) Cities and the Super-Rich: Real Estate, Elite Practices and Urban Political Economies(Palgrave Macmillan)
35. D.Rogers & N.Bailey(2013) Citizenship and housing: The provision of housing and practices of citizenship within global cities, in: Referred Proceedings: 7th Australasian Housing Researchers Conference, Western Australia, Esplanade Hotel Fremantle.
36. D.Rogers & R.Dufty-Jones(in press) 21st century Australian housing: New frontiers in the Asia-Pacific, in: R.Dufty-Jones & D.Rogers(Eds) Housing in Twenty-First Century Australia: People, Practices and Policies(Aldershot: Ashgate)
37. ABC(2014a) QANDA. Available at http://www.abc.net.au/tv/qanda/txt/s3946770.htm at 30:30.(accessed 03 December 2014).
38. ABC(2014b) Chinese Property Investment to be Examined as House Economics Committee Reviews Foreign Investment Laws, March 17(Sydney: ABC)
39. Australia-China Business Week(2011) Speech by John Brumby entitled Chinese Investment an Opportunity, Not a Threat. Australia-China Business Week, August 16, Melbourne.
40. Australian Government(2011) Our Cities, Our Future: A National Urban Policy for a Productive Sustainable and Liveable Future(Canberra: Department of Infrastructure and Transport)
41. Australian Government(2012a) Australia in the Asian Century(Canberra: Commonwealth of Australia)
42. Australian Government(2012b) Foreign Investment Review Board—Annual Report(Canberra: Foreign Investment Review Board)
43. Australian Government(2014a) Australian Treasury, Submission to the Inquiry into Foreign Investment in Residental Real Estate(Canberra: Submission to the House of Representatives Standing Committee on Economics)
44. Australian Government(2014b) Foreign Investment Review Board: Annual Report(Canberra: Commonwealth Government)
45. Australian Parliament(2014) Individual foreign investment in residential real estate committee. Available at http://www.aph.gov.au/Parliamentary_Business/Committees(accessed 02 December 2014).
46. Canadian Govrernment(2014) Terminated programs—Federal Immigrant Investor and Entrepreneurs. Available at http://www.cic.gc.ca/english/immigrate/IIP-EN.asp(accessed 02 December 2014).
47. Century Reality(2013) 2013 Beijing International Property & Investment Expo. Available at http://www.beijingexhibition.com/(accessed 02 December 2014).
48. Council of Australian Governments(2012a) Housing Supply and Affordability Report(Canberra: Australian Government)
49. Council of Australian Governments(2012b) Review of the National Affordable Housing Agreement Performance Reporting Framework(Canberra: Australian Government)
50. Herald Sun(2014) Hong Kong Buyer Snaps Up $2.8m Strathfield Home Straight After Stepping Off Plane as Chinese Investors Drive Up Property Prices, February 24(Sydney: NEWS Ltd)
51. Hot Property Specialists(2009) Foreign Investors Flock into Brisbane and Gold Coast(Brisbane: Hot Property Specialists)
52. Juwai(2013) Available at http://list.juwai.com/(accessed 02 November 2013).
53. KPMG(2013) Do You Want to Live in Australia? Consider the Australia Significant Investor Visa(Visa 188)(Sydney: KPMG)
54. NSW Government(2010). Metropolitan Strategy Review. Sydney: NSW Government, Metropolitan Authority.
55. Property Observer(2012) Chinese and Indian Design Principles Will Shape Australia's Property Markets: Bernard Salt, March 12(Melbourne: Property Observer)
56. Property Observer(2013a) Chinese Appetite for Australian Residential Property Hits $5.4 Billion as Demand for Luxury Property Rises, June 18(Melbourne: Property Observer)
57. Property Observer(2013b) Knight Frank Launches Significant Investor Visa Team Ahead of Chinese Investment Influx, April 1(Melbourne: Property Observer)
58. Property Observer(2013c) Landmark Harcourt Rural to Market Properties Direct to Chinese, August 7(Melbourne: Property Obsever)
59. Property Observer(2013d) Schools Draw Chinese Buyers to Melbourne's Southeast, April 1(Melbourne: Property Observer)
60. Property Observer(2013e) LJ Hooker Looks to Sell More Property to Chinese Buyers with Three-Year Marketing Deal with International Property Listings Portal Juwai.com, May 13(Melbourne: Property Observer)
61. Property Observer(2013f) Tips for Getting the Most from Chinese Property Expos, June 11(Melbourne: Property Observer)
62. Property Observer(2014) No Surprises in Kelly O'Dwyer's 12 FIRB Report Recommentations, Novermber 27(Melbourne: Property Observer)
63. st(Sydney: Fairfax)
64. Sydney Morning Herald(2010) Hammer Falls on Foreign Investors, April 24(Sydney: Fairfax)
65. Sydney Morning Herald(2014a) Sydney Expected to Gain Foreign Buyers as Canada Closes Visa Scheme, March 8(Sydney: Fairfax)
66. Sydney Morning Herald(2014b) Locals Priced Out by $24 Billion Chinese Property Splurge, March 6(Sydney: Fairfax)
67. Sydney Morning Herald(2014c) Tony Abbott Says Australia Benefited from Foreign Investment Because It Was ‘Unsettled’ Before the British, July 3(Sydney: Fairfax)
68. The Bulletin(1987) The New Asian Invasion: How Australian Property Is Being Sold Off, September 29(Sydney: Australian Consolidated Press)
69. The Guardian(2014) Wealthy Chinese Buyers Are Making Sydney's Housing Problem Worse, February 17(Sydney: Guardian News and Media Limited)