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



Date nights under $50

ACCORDING to The Bachelor falling in love involves helicopter rides, private jets, shopping trips, and we mustn’t forget the hot tubs.

Brisbane's arts and culture events centre stage

You loved the film, now you're about to love the musical. Don't miss The Bodyguard The Musical in Brisbane this July.

THE arts and culture events you don't want to miss.

Homewares stores to fulfil your Instagram dreams

No Caption

You too can become an Insta-star with these fab stores.

Top 10 Brisbane experiences to cross off your bucket list

Do yourself a favour and get amongst the food truck scene. Eat Street is a great place to start.

A GOOD bucket list doesn’t have to span continents or cost millions.

Six mega sporting events you need to be at this year

Don't miss all the action trackside this season.

IF THERE is one thing Brisbane does damn well, it’s play host.

Insider’s guide to the best rooftop bars

Eleven Rooftop Bar is one to put on your hit list.

SEE the world from a different perspective...

Where to get your hands on the best wings

Try out these bad boys at Buffalo Bar.

IS THERE anything better than a wicked bowl of chicken wings? Nope.

Wide Bay jobs could be in for a shot in the arm

Llew O'Brien Federal Member for Wide Bay

Which Gympie project will get the federal funding?

Gympie teen's death triggers new safety laws

Jason Garrels

Jason Garrel's death pivotal to law changes

All the winners from the Cage Birds section of the Gympie Show

Champion Parrot of the Gympie Show Brian Lambert.

Did you or someone you know enter the Gympie Show?

Local Partners

Dreamworld may supersize with 'Disneyland expansion'

OWNERS of icon Gold Coast theme park Dreamworld want to super-size the site with accommodation and entertainment to turn it into Australia’s Disneyland.

World’s strongest man reveals incredible 12,000 calorie diet

Brian Shaw won his 4th World's Strongest Man title. Source: Twitter

World’s strongest man reveals incredible 12,000-calorie diet

ABC2 slammed over football exhibition match coverage

Fans weren't too happy with ABC2's coverage of Wednesday night's game.

ABC2 slammed for coverage of soccer exhibition match

'Bulls--t!' Lisa Wilkinson grilled over Karl's pay packet

Join us for a Great Night as we Proudly present Lisa Wilkinson

“And you believe everything you read?”

Rebel Wilson trial: The secret we never could have known

Rebel Wilson outside court

“Most people wouldn’t know it exists,” she said.

Janet’s back in the ring

Marta Dusseldorp returns in season three of the TV series Janet King.

Season three of ABC's legal drama delves deeper than ever before.

Game of Thrones drops new trailer for season 7

Game of Thrones fans have been given a new trailer for season 7.

Fans are finally getting a full-throttled peak at season seven.

Open for inspection homes May 25-31

Check out this weekend's homes open for inspection

How Toowoomba house prices compare in Australia

For sale sign in front of home.

Here's what $700,000 will buy you in Toowoomba, Brisbane and Sydney

One of Maryborough's most historic homes is still for sale

FULL OF HISTORY: Trisha Moulds is owner of the historic Tinana state known as Rosehill. The beautiful home is currently for sale.

It has been the scene of both joy and tragedies over the years.

The face of the Sunshine Coast's overpriced rental crisis

Alyx Wilson had to rent a $385 unit in Currimundi because the market was too competitive for cheaper rental housing. She is now renting a room from friends who own a house in Currimundi, and says its much more affordable.

Young people feel the strain in competitive, expensive rental market

Ready to SELL your property?

Post Your Ad Here!