Australia to put two-year ban on foreigners buying existing homes amid housing crunch
Australia will ban foreign investors from buying existing homes in the country for two years, its government said on Sunday, in an effort to boost under-pressure housing supply. “We’re banning foreign purchases of established dwellings from April 1, 2025, until March 31 2027,” treasurer Jim Chalmers said in a statement with housing minister Clare O’Neil. It added…
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