The Politics of Foreign Investment in Australian Housing: Chinese Investors, Translocal Sales Agents and Local Resistance

Rogers, Dallas; Lee, Chyi Lin; Ding, Yan

doi:10.1080/02673037.2015.1006185

Cited by 90 publications

(65 citation statements)

References 18 publications

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“…The findings presented here are based on responses to an online survey conducted with 899 residents in the Greater Sydney Region in November 2015. The need for a survey on this topic became apparent after one of us was involved first in conducting qualitative interviews with foreign real estate investors and professionals, and then in analysing the related media coverage of foreign investment in Australia (Rogers et al ., ). Participants aged over 18 were recruited by a commercial survey provider so that we could ask them about their beliefs about individual foreign and Chinese investment in residential real estate in Sydney.…”

Section: The Studymentioning

confidence: 97%

“…Therefore, more fine‐grained analysis of the inflationary impact of foreign investment is needed at neighbourhood and/or building scales. In any case, there is an assumption in some media coverage that foreign real estate investment is a major contributor to increasing housing prices in Australia (Rogers et al ., , ; Wong, ).…”

Section: Housing Stress and Views About Foreign Investmentmentioning

confidence: 99%

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Geographies of hyper‐commodified housing: foreign capital, market activity, and housing stress

Rogers

Nelson

Wong

2018

Geographical Research

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The latest manifestation of Asian‐led foreign real estate investment in some global cities is contributing to housing becoming a liquid, global asset. Drawing on empirical data about Sydneysiders’ reported levels of real estate market activity, housing stress, and views about foreign real estate investment, we found that those who are financially invested in Sydney's local real estate market are generally more supportive of the presence of foreign investors and investment than are those not invested in that market. We also found that there were no significant comparative differences in beliefs about foreign investment between those who are in housing stress and those who are not. On the strength of those findings, we ask whether a degree of commonality is developing around a set of ideological reference points related to the commodification of housing. As housing in global cities is increasingly commodified and financialized, these ideological reference points could be boosting its commodification across boundaries of cultural difference and political jurisdiction. We conclude by suggesting the need for a new line of inquiry through which scholars could investigate the politics of globalised hyper‐commodified housing in order to expose the ideological reference points that serve to bolster the commodification of housing.

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Section: The Studymentioning

confidence: 97%

Section: Housing Stress and Views About Foreign Investmentmentioning

confidence: 99%

Geographies of hyper‐commodified housing: foreign capital, market activity, and housing stress

Rogers

Nelson

Wong

2018

Geographical Research

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“…Kan (2017) highlights earlier trends of property investment from Hong Kong to mainland China since the late 1970s and argues that the economic interactions between the two regions can be understood through the geopolitics of sovereignty and cultural identity. Similarly, research by Rogers et al (2015) has explored the ways in which Hong Kong and Chinese investors buy properties in Sydney and Melbourne, which have been linked to affordability issues for residents. Nevertheless, real estate relations remain constituted through governments, real estate agents, financial professionals and middle-class, as well as HNWI, investors (Rogers et al, 2015: 744-745).…”

Section: Transnational Elite and Middleclass Investment In Londonmentioning

confidence: 99%

Looking for big ‘fry’: The motives and methods of middle-class international property investors

Atkinson

2017

Urban Studies

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Anxieties about the effects of international property investment in world cities like London have mainly focused on super-rich investors and corporate vehicles that have generated price inflation of assets and accelerated exclusion from an already expensive market. In fact, many international investors in the city's housing market are middle-class individuals, and focusing on Hong Kong as an emblematic example of such processes, we examine their motives and the products offered to them by important investment intermediaries. We find that an important rationale for these investments lies in local class-based uncertainties and existential anxieties concerning the future of Hong Kong itself. We focus on the cultural roots of these investor rationalities but also consider the role of investment intermediaries who have helped bolster confidence while shielding investors from the consequences of their aggregated market power -concerns in London over household displacement from foreign investment. We suggest that what may seem to be the predatory search to 'fry' property ( ), a Hongkonger colloquialism referring to the search for high performing investments, should also be understood as actions anchored in and generated by the habitus of the Hong Kong middle class whose lives have been moulded by historical geopolitical uncertainty and worries about its longer-term social positioning and security.

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“…What has exacerbated this trend is the increase in the number of investors in the market. The increasing 'financialization' of housing has seen a rise in international investors in domestic markets, including Australia (Rogers et al, 2015;Rolnik, 2013). However, in Australia the vast majority of investors are small, individual investors.…”

Section: Nsw Dwelling Supply: Examining the Link Between Planning Refmentioning

confidence: 99%

“…The state of NSW, overlooked during the mining boom, was a focus for residential investors within Australia and increasingly from overseas (Rogers et al, 2015). This provided an ideal test of the extent to which the planning system would act as a brake on housing supply or yield to an increased volume of development proposals.…”

Section: State Policy For Affordable Rental Housingmentioning

confidence: 99%

'Boulevard of Broken Dreams': Planning, Housing Supply and Aff ordability in Urban Australia

Gurran¹,

Phibbs²

2016

Built Eviron

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The Politics of Foreign Investment in Australian Housing: Chinese Investors, Translocal Sales Agents and Local Resistance

Cited by 90 publications

References 18 publications

Geographies of hyper‐commodified housing: foreign capital, market activity, and housing stress

Geographies of hyper‐commodified housing: foreign capital, market activity, and housing stress

Looking for big ‘fry’: The motives and methods of middle-class international property investors

'Boulevard of Broken Dreams': Planning, Housing Supply and Aff ordability in Urban Australia

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