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Ownership & investment

Whose money? Whose asset? Whose return?

Australians invest here and overseas. Overseas investors also own assets and lend money here. Understanding the return starts with separating the owner, the lender, the operator and the customer.

Who benefits is a distribution question

Workers & suppliers

Wages and purchases support livelihoods and other businesses. The distribution depends on pay, working conditions and who supplies goods and services.

Owners & lenders

Dividends, interest and changes in asset value reward different claims. Superannuation can make Australians indirect investors; those interests vary substantially.

The public & communities

Taxes, royalties and services can create public benefits. Environmental costs, access and regional impacts also matter and require separate evidence.

What results do we receive?

Foreign investment is a holding, not annual income

Position at 31 December 2025 · all investment types in the collected DFAT/ABS series.
$5,116.3bforeign investment in AustraliaAccumulated investment position, including debt and equity.

This is not a payment to the Australian government, a year’s new investment or the sale price of the country. Changes can reflect transactions, exchange rates and asset valuations.

The country labels identify the immediate investor’s economy. They do not necessarily identify the ultimate owner, and they do not mean the foreign government owns the investment.

Leading immediate investor economies

  1. United States of America$1,361.2b
    26.6% of the stated total
  2. United Kingdom$840.1b
    16.4% of the stated total
  3. Belgium$437.6b
    8.6% of the stated total
  4. Japan$286.4b
    5.6% of the stated total
  5. Hong Kong (SAR of China)$172.4b
    3.4% of the stated total
Source and scope: Foreign investment position

The full collected chapter retains the original DFAT/ABS source links, investment types and country tables. Country rankings are by recorded immediate investor economy, not ultimate beneficial ownership.

Read the supporting evidence

Worked example: a network with several owners

Ausgrid’s electricity network

The collected ownership record, checked 3 October 2026, lists a government holding alongside institutional investors. Serving the public and being entirely publicly owned are different things.

These are the recorded investment interests. They do not identify every pension beneficiary behind each fund or establish how returns are distributed among households.

Sources, Transgrid and Port of Melbourne
  1. NSW Government, via ERICA49.6%
    49.6% of the stated total
  2. IFM Investors25.2%
    25.2% of the stated total
  3. APG16.8%
    16.8% of the stated total
  4. AustralianSuper8.4%
    8.4% of the stated total