21st-century Australian housing : new frontiers in the Asia-Pacific

Dallas Rogers, Rae Dufty-Jones

    Research output: Chapter in Book / Conference PaperChapter

    15 Citations (Scopus)

    Abstract

    In Western Anglophone countries the role of individual foreign investment in residential real estate has a history that stretches back into the mid-20th century. In the 1980s and 90s, the economies of the Four Asian Tigers (i.e. South Korea, Singapore, Hong Kong and Taiwan) and Japan experienced rapid growth. What followed was a sharp increase in Japanese investor activity in the United States (US) and Australian real estate markets and Hong Kong investors in Canadian real estate markets. More than a decade into the 21st century a similar trend appears to be developing around the rise of Brazil, Russia, India, Indonesia, China, and South Africa (i.e. the BRIICS countries). As the economies of the BRIICS countries grow their citizens have quickly become experienced domestic and foreign real estate investors. The global investment practices of BRIICS citizens are beginning to change the real estate landscapes of several Western Anglophone countries (Dorling 2014; Hay 2013). The rise of the BRIICS countries and the continued influence of the Four Asian Tigers is also rupturing the conceptual landsscape for understanding international real estate relations.
    Original languageEnglish
    Title of host publicationHousing in 21st-Century Australia: People, Practices and Policies
    EditorsRae Dufty-Jones, Dallas Rogers
    Place of PublicationU.K.
    PublisherAshgate
    Pages221-236
    Number of pages16
    ISBN (Electronic)9781472431141
    ISBN (Print)9781472431134
    Publication statusPublished - 2015

    Keywords

    • cities and towns
    • housing
    • housing policy
    • investments, foreign

    Fingerprint

    Dive into the research topics of '21st-century Australian housing : new frontiers in the Asia-Pacific'. Together they form a unique fingerprint.

    Cite this