The number of companies owned by overseas buyers in Australia has more than doubled over the past five years to more than 11,000, according to data obtained by Fairfax Media.
Key points:In 2017, Australian companies owned almost 5,000 foreign buyers (foreign investors)More than 1,400 Australian companies have been bought by foreign investors since 2009The numbers were compiled by the Australian Competition and Consumer Commission (ACCC) in response to questions from the media, following the introduction of a rule in April that forced companies to list their ownership in foreign countries.
The ACCC data shows that of the 1,402 Australian companies listed as being owned by foreigners since 2009, more than 1.4 million of them were bought by foreigners, including foreign-owned businesses that are registered overseas.
The Australian Competition & Consumer Commission compiled the information in response on Tuesday, which is the last day of the financial year.
The number of foreign buyers owning Australian companies jumped to 5,064 in 2017, according a data compiled by Australian Competition&Consumer Commission (ACC&C) from financial records.
It shows more than 6,300 Australian companies were bought and bought up in the last five years, with about 1,100 companies registered in overseas countries.
This number is nearly twice as high as the figure for all other foreign buyers.
There were 1,065 foreign-owning companies registered as Australian companies in 2017.
The total foreign-buyers listed in Australia in 2017 amounted to about 1.6 per cent of the total number of registered Australian companies.
The number is a rise of almost 40 per cent over the year to 1,025 foreign-owners.
More than 2,300 companies are listed as owned by a foreign buyer in the Australian Capital Territory, the ACT, Queensland, Western Australia and the Northern Territory.
There are also a number of small foreign-holding companies in New South Wales and South Australia.
In the ACT alone, there were 8,500 registered foreign-owner companies, representing 3.3 per cent, and in the ACT Territory there were 1.5 per cent foreign-holder companies.
Foreign-owned companies in the Northern Territories also increased, with 2,000 registered in the NT.
Foreign investors account for more than two-thirds of the foreign-sales businesses in Australia, accounting for about 13 per cent in 2016.
Foreign buyers are a significant group of investors who have a significant influence on the Australian economy, with the bulk of their spending on goods and services.
The majority of foreign purchases occur in the property, transport and construction sectors, with almost half of foreign-financed transactions in 2017 being in retail.
The majority (51 per cent) of foreign purchasers spend more than $5 million in Australia.
Foreign investment in Australian companies also contributes to a rise in unemployment and inequality.
More than 30 per cent (30 per cent or 1.1 million) of the new foreign buyers were unemployed in the year ending March 2017, while just over a third (32 per cent), or 716,000 people, were unemployed overall.
Overall, the total foreign ownership in Australia amounted to $1.7 trillion in the 2017 financial year, up from $1 trillion in 2014.
In 2017 there were more than one billion people living in poverty in Australia , according to the ABS.
According to the latest ABS Census, Australia has one of the highest levels of poverty among developed countries, at 23 per cent.
In 2017 about one in six Australians lived in a household where the person did not receive any income.