Transnational real estate in Australia: new Chinese diaspora, media representation and urban transformation in Sydney's Chinatown

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

“…Each policy setting regulates how a dwelling—in some cases even the same dwelling—might be used to hold and grow capital in different ways. Territorial boundaries and citizenships are defining criteria in these policy settings, and a form of nation‐state‐centrism often frames ensuing public and policy discussions about foreign real estate investment (Rogers & Dufty‐Jones, ; Wong, ). Thus, there is a spatial politics to the hyper‐commodification of housing in Sydney that extends beyond the city and nation (Fernandez et al , ; Ley, , ; Madden & Marcuse, ; Rogers, ).…”

The globalisation of real estate: the politics and practice of foreign real estate investment

“…There are increasing calls from a range of actors for government intervention in the area of housing affordability, and this makes the politics of these regulatory systems an important site for further research. Ley's (2015) analyses also contribute to recent work on the global real estate industry, which appears in this special issue (Wong, 2016) and other places (Rogers, in press). He shows that a sophisticated trans-Pacific real estate industry developed to facilitate the flow of capital from Asia to Canada.…”

“…Within this context, the articles by Kim (2016), Wong (2016) and Kan (2016) call into question the utility of rigid financial 'disposable asset' investor categories for global real estate analyses. These articles show that there are additional ways to further augment these financially defined investors cohorts, including by class (Koh et al, 2016), mobility (Atkinson, 2016), familial relationships (Robertson & Rogers, in press), and age and gender (Knowles, 2016), to name a few.…”

“…Wong (2016) and Kim's (2016) articles explore the ethno-cultural dimensions of foreign real estate investment. They draw attention to the roles that migrant-and diaspora-led real estate intermediaries play in mediating the global connections between different investors and across nationstate borders.…”

“…They expose a range of culturally responsive services that facilitate foreign real estate investment via a suite of new multi-cultural investor-buyer networks (also see: Ley, 2015;. Wong (2016) shows how foreign investors are motivated by the opportunities that exist in Australia, particular as they relate to their own migration plans, their children's education and the financial security that Australian real estate supposedly guarantees. Equally, China's state-led housing cooling measures that apply to local real estate markets in Chinese cities are suggested to be motivating Mainland Chinese investors and developers to seek out foreign investment opportunities for their surplus capital.…”