Japan and China lead Asian property investment in Ipswich

FOREIGN investors splashed out more than $2 million in just 12 months on 16 Ipswich homes, with Japanese and Chinese buyers leading the charge.

FOREIGN investors splashed out more than $2 million in just 12 months on 16 Ipswich homes, with Japanese buyers leading the charge.

Those from the Land of the Rising Sun spent $664,866, followed by Chinese investors who followed in a close second with $524,000

The two leaders combined matched the rest of the major foreign buyers, including those from the Malaysia, Phillipines, Vietnam, Hong Kong and South Africa.

This regional data was released for the first time to APN by property researchers Colliers International as part of its white paper on residential foreign ownership released earlier this year.

In the 2011/12 financial year, spenders from 61 countries spent $443 million throughout Queensland, with the bulk of that flowing into units and homes in Brisbane and on the Gold Coast.

It was the biggest year of foreign investment in residences for four years, up one-third on the year before.

China proved the biggest buyer, pumping $184.9 million into 13 council areas, through the purchase of 315 houses.

Originally published as Japan and China lead Asian property investment in Ipswich