The Australian Government is tightening restrictions on foreign purchases of existing homes and land banking.
16-02-2025
The Albanese Government is introducing stricter measures to address Australia’s housing crisis by limiting foreign investment in residential properties. From April 1, 2025, to March 31, 2027, foreign investors will be banned from purchasing established homes, with few exceptions. This aims to increase housing availability for Australians.
Additionally, the government is cracking down on land banking, where foreign investors buy vacant land but delay development for profit. The ATO and Treasury will enhance compliance efforts, with increased funding to monitor and enforce these regulations.
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