Critics cast doubt on effectiveness of policy, citing low volume of purchases by overseas buyers, as Labor seeks to improve housing affordabilityFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastProspective home buyers will face less competition from overseas, with Labor promising to ban foreign investors from purchasing existing homes for at least two years.But the restriction – which replicates a policy announced by the Coalition last year – will capture less than 0.4% of the housing market, casting doubts over its efficacy. Continue reading…
Source link : https://www.theguardian.com/australia-news/2025/feb/16/labor-to-ban-overseas-buyers-from-buying-existing-homes-for-at-least-two-years-replicating-coalition-policy
Author : Australian Associated Press
Publish date : 2025-02-16 02:07:00
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Labor to ban overseas buyers from buying existing homes for at least two years, replicating Coalition policy
