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The latest report of foreign investment for the December 2024 quarter has been released by the Treasury. Here are four key takeaways:
1. The number of commercial investment proposals approved was 351 with a total value of $54.7 billion. This was up 17.4% from the September 2024 quarter.
2. Of the total value approved, the United States of America was the largest source of investment, with 26%. This was followed by Saudi Arabia with 16.3%, Canada with 10.4%, Singapore with 7.3% and the United Arab Emirates with 3.3%.
3. A total of 1,011 residential real estate proposals were approved, worth $1.3 billion. China accounted for the largest share at 23.1% of the total, followed closely by Singapore.
4. Finance and insurance were the largest target sector for approved proposed investment, making up close to half of all approved investment at $25.5 billion. This was followed by commercial real estate with a total value of $10.0 billion.
#business #foreigninvestment #marketinsights
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