The Albanese government has announced a ban on foreign housing investment in a move mirroring the opposition’s policy.
Housing Minister Clare O'Neil has announced a ban on foreign investors purchasing existing Australian homes in a move mirroring the opposition’s policy. Housing Minister Clare O’Neil announced the government will implement a two-year ban on foreign investors purchasing existing Australian homes on Sunday.
Housing Minister Clare O’Neil announced the government will implement a two-year ban on foreign investors purchasing existing Australian homes on Sunday. Picture: NewsWire / Martin Ollman “This is part of a hugely bold and ambitious housing agenda that our government is implementing at the moment.” The policy, which will apply until 2027, will see temporary residents—those on work or student visas—barred from purchasing existing homes.
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