Australia to Ban Foreign Buyers from Established Homes for Two Years

Foreign buyers banned from buying existing homes for two years

Established homes will be off-limits and foreign owners will be forced to develop vacant land under new measures announced to improve housing supply.

Australia bans foreign investors from buying homes for two years

The Australian government has introduced a two-year ban on foreign investors purchasing existing homes as part of its efforts to address the country’s housing affordability crisis. The new restriction, which will come into effect on 1 April 2025, aims to free up properties for local buyers amid growing concerns over soaring property prices, particularly among young voters. Housing Minister Clare O’Neil made the announcement on Sunday, confirming…

House prices: In a bid to curb price increases in the Australian housing market, the government is introducing a ban on foreigners buying homes. The government hopes…

Australia to ban foreigners from buying existing homes as elections loom

Housing affordability is an issue.

Australia to put two-year ban on foreigners buying existing homes amid housing crunch

Dissatisfaction with housing in Australia reached an all-time high last year. The issue is expected to dominate a general election due by May.

Australia announces two-year ban on foreign buyers of existing homes

Australia announces two-year ban on foreign buyers of existing homes