Client: Property Council of Australia (QLD)
This report was commissioned by the Queensland division of the Property Council of Australia (PCA) to examine the contribution of foreign investors purchasing residential property on the Queensland economy, and the potential implications of a proposed increase in surcharge on this contribution. The assessment reviewed historic levels of foreign investment as a share of total investment in residential property and compared this to previous AEC modelling on the economic contribution of residential property to the Queensland economy to estimate the level of economic activity supported by foreign investment in 2015-16. Implications of increasing the surcharge were estimated based on the observed reduction in foreign investor levels between 2015-16 and 2016-17 in Queensland and other states from the introduction of a surcharge.
The outcomes of this research were used by PCA to inform discussions regarding the surcharge increase.