Property

Gympie foreign investment from all corners of the world

LOVE GYM{PIE: Views to the south and south-west of Gympie, where foreign investors have interests. PHOTO: GREG MILLER
LOVE GYM{PIE: Views to the south and south-west of Gympie, where foreign investors have interests. PHOTO: GREG MILLER

MONGOLIANS, Poms, Germans and Americans - they all love Gympie.

Department of Natural Resources and Mining data reveal investors from these countries bought 2573 hectares of land in the region last financial year.

Interests from Mongolia spent $300,000 on just 0.4 ha.

United Kingdom buyers picked up 1545.456 ha, Swiss buyers took over 81.996 ha, Americans bought 937.687 ha and Germans investors now own 9.35 ha.

Compared with the rest of the state, Gympie's land sales to overseas interests were tiny - particularly when likened to the Sunshine Coast and growth cities Ipswich, Mackay and Toowoomba.

Kiwis boosted the Sunshine Coast's tally when they handed over $4,998,500 of the total $15,636,250 foreign investors spent there.

Ipswich land worth $92.5 million changed hands, while Mackay investors forked out $35,681,750 for 2092.645 ha and Toowoomba had $11,362,780 in sales.

Property investment expert Dr Andrew Wilson, of the Domain Group, said attracting international investors was vital for a strong economy.

"It is money coming into the country and foreign exchange is part of trade so that's a positive because it does add to the wealth of our country - it's an import of capital," Dr Wilson said.

"It's an opportunity from that import of capital to create higher levels of investment and that's part of activating economic activity

"It's (foreign investment) a tick for the economic performance of local regions. That's all positive."

Fact box

Country, Area (ha), Value

Mongolia: 0.4, $300,000

United Kingdom: 1545.456*

Switzerland: 81.996*

United States: 937.687*

Germany: 9.35*

* Value of land purchases was not available.

Source: Department of Natural Resources and Mining.

Gympie Times

Topics:  foreign investment, gympie, property



'Gonna' be a good night Sunday

GOT A FEELING: Justice Crew will be performing in Gympie at the Civic Centre as part of the Rush Festival this Sunday.

The wait is nearly over for the gang from Justice Crew's Concert

Honesty's surprise result

Gympie journalist Arthur Gorrie.

Good law but unintended effect

North Shore trip for naturalists

UP CLOSE: The Gympie and District Field Naturalists Club headed to the Noosa North Shore to explore the springtime flora in the area.

The Gympie and District Field Naturalists Club head to Noosa

Local Partners

'Gonna' be a good night Sunday

GOT A FEELING: Justice Crew will be performing in Gympie at the Civic Centre as part of the Rush Festival this Sunday.

The wait is nearly over for the gang from Justice Crew's Concert

Homer Simpson thanks Australia during Opera House visit

Homer Simpson visits the Sydney Opera House.

ANIMATION favourite gets attacked by seagulls in viral video.

Channel 9 orders second season of Doctor Doctor

Rodger Corser stars in the TV series Doctor Doctor.

RURAL medical drama finds a loyal following.

Katy Perry gets naked to encourage people to vote

Katy Perry in Funny Or Die sketch

Katy Perry has stripped naked for a comedy video

Jogging Tom Hanks crashes wedding in Central Park

Tom Hanks stopped for a selfie with this bride and groom

MOVIE REVIEW: Storks delivers family fun

A scene from the movie Storks.

ANIMATION can be hit or miss but when it hits, it hits hard.

Gympie Century 21 owner forges his own path

ON THE ROAD TO SUCCESS: Billy Mitchell (right) with Queensland franchise manager at Century 21, Glenn Stanton.

It's been a meteoric rise over the past few years for Billy Mitchell

$40million hotel, shops development project for Mackay

Mt Pleasant hotel and retirement accommodation, proposed at 194-202 Malcomson St.

$40m development to take Mackay to 'the next level'

Huge Gunalda service station set to open by December

NEW STATION: The Gunalda Service Centre, owned by United Petroleum, will include a 350-seat eating area and a truckers lounge.

The massive servo is the biggest United development in Queensland.

Highway upgrade drives momentum in affordable market

Accessibility and affordability are keeping interest high

Property 200m from ocean selling for just over $100K

BEACHCOMBER PARK: Work has started on a new $19.2 million development at Toogoom.

The estate's developer is offering huge discounts for early buyers.

UPDATE: Former rodeo champ's sale rained out, now back on

Larkhill local Ken Consiglio is having an auction of most of the things on his property.

'People kept showing up and we had to turn them away'