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Tuesday, 9 October 2012
Page: 11744

Foreign Investment Review Board

(Question No. 1137)


Mr Fletcher asked the Treasurer, in writing, on 15 August 2012:

In 2006-07, 2007-08, 2008-09, 2009-10, and 2011-12, how many applications were:

(a) made to, and

(b) approved by, the Foreign Investment Review Board for the purchase of new dwellings (broken up by individual purchasers and off-the plan property developers) in:

(i) Asquith NSW 2077, (ii) Chatswood West NSW 2067, (iii) Chatswood NSW 2067, (iv) East Killara NSW 2071, (v) East Lindfield NSW 2070, (vi) Gordon NSW 2072, (vii) Hornsby NSW 2077, (viii) Killara NSW 2071, (ix) Lindfield NSW 2070, (xi) Normanhurst NSW 2076, (xii) North Turramurra NSW 2074, (xiii) North Wahroonga NSW 2076, (xiv) Pymble NSW 2073, (xv) Roseville Chase NSW 2069, (xvi) Roseville NSW 2069, (xvii) South Turramurra NSW 2074, (xviii) St Ives Chase NSW 2075, (xix) St Ives NSW 2075, (xx) Thornleigh NSW 2120, (xxi) Turramurra NSW 2074, (xxii) Wahroonga NSW 2076, (xxiii) Waitara NSW 2077, (xxiv) Warrawee NSW 2074, and (xxv) West Pymble NSW 2073.


Mr Swan: The answer to the honourable member's question is as follows:

The Foreign Investment Review Board's Annual Reports provide data on proposed investment into Australia for each financial year. Table 2.10 provides a state and territory distribution of proposed investment in the real estate sector broken down by the number and value of the approvals. The Annual Reports are available at: http://www.firb.gov.au/content/publications.asp?NavID=5. It is important to note that the data contained in the Annual Reports is based on investor intentions and not actual purchases.

Specific investment information disaggregated by suburb is not available, reflecting the need to protect the commercial interests and privacy of individual investors. It would also involve significant work to produce the information sought.