RESIDENTIAL PROPERTY
The Albanese government will ban foreign investors from purchasing existing dwellings for at least two years, essentially adopting Coalition policy as housing takes centre stage in...
Doubts have been cast on the ultimate impact the policy will have on the housing market, given foreign investors accounted for comfortably less than 1% of all home sales...
The ban on foreign purchases of established dwellings will begin at the beginning of April, with a review to be undertaken to determine whether it should be extended beyond the...
Some $5.7 million over four years will be put towards the Australian Taxation Office (ATO)’s foreign investment compliance team to enforce the ban and enhance screening of...
Alongside the ban, Labor is clamping down on land banking by foreign investors. Foreign investors are subject to development conditions when they acquire vacant land in...
The government is focused on making sure these rules are complied with and identifying any investors who are acquiring vacant land, not developing it while prices rise and...
Foreign investors who have already acquired or are proposing to acquire vacant residential or non‑residential land will be subject to heightened scrutiny by...
The government is providing the ATO and Treasury $8.9 million over four years from 2025–26 and $1.9 million ongoing from 2029–30 to implement an audit program and...
Housing is at centre stage of the national political debate leading into the election, with new research showing the expansion of low cost rental housing will...
New research from Redbridge for the Community Housing Industry Association and PowerHousing Australia shows 73% of Australians in 24 of...
The research shows 84% believe ensuring Australians have safe and stable housing is a fundamental government responsibility, and 76% agree more social housing is needed...
The government is hoping its flagship National Housing Accord initiative can help alleviate the housing crisis by pumping more supply into the heated market...