Real estate transactions involving Japanese investment in Australia boomed last year, making up one in every five deals, as Japan’s push to find new markets coincided with Australia’s increasing need for capital, Herbert Smith Freehills’ Japan-Australia Investment Report 2024 shows.
The sector chalked up 14 of last year’s 72 transactions – up from a total 53 in 2023 and the most of the eight annual reports to date. It will remain the hottest this year as a new generation of investors, having learned from mistakes of the 1980s and 90s, focuses on quality property assets, the law firm’s latest report says.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
