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WorldPosted at: Feb 16 2025 10:16AM


Australian govt announces 2-year ban on foreign housing investment

Canberra, Feb. 16 (UNI) The Australian government has announced it will ban foreign investors from buying existing homes in the country for two years.
Treasurer Jim Chalmers and Clare O'Neil, the minister for housing and homelessness, on Sunday said that the ban will take effect from April 1 and stay in place until March 31, 2027.
Under the ban, foreign investors, including foreign-owned companies and temporary residents, will be prohibited from purchasing established homes in Australia, except developments of at least 20 properties.
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