By Malcolm Brennan King & Wood Mallesons’Canberra office.
The first report of the Agricultural Land Register was released 7 September 2016. The guesswork has been taken out of the discussion and we now know that the total foreign ownership of Australian agricultural land as at 30 June 2016 stood at 13.6%.
The report shows that Australia has not been overrun by Chinese investment. Over half of the foreign ownership remains in the hands of United Kingdom investors with 7.2% – perhaps a testament to Australia’s history. China on the other hand ranked 5th with 2.8%. Putting that in overall context, Chinese ownership represents about 0.4% of total Australian agricultural land.
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