Australia bans foreigners from buying homes to tackle surging property prices
Australia will ban foreign investors from buying existing homes for two years to address soaring property prices in the country. The move is part of the government’s election pitch as housing affordability becomes a major issue, especially for young voters.
Renters and buyers struggling in Australia's evolving property market
SYDNEY, Feb. 19, 2025 /PRNewswire/ -- Rising rents, fluctuating house prices, and property issues are making it harder for Australians to secure housing. According to the Real Property Report 2025, commissioned by Real Insurance with MyMavins, 73% of renters feel pressured to enhance their applications due to intense market competition.
Australia to Ban Foreigners From Buying Some Homes
Australia will ban foreign investors from buying established houses for the next two years as part of an election pitch to tackle surging home prices. Bloomberg's Paul Allen and Australia & New Zealand Economist James McIntyre discuss the ban and its implications on "Bloomberg: .
Australia bans foreign investment in established homes for 2 years
Australia will implement a two-year ban on foreign buyers purchasing established homes starting April 1. Housing minister Clare O'Neil announced the move, which aims to make more homes available to local buyers,
Australia to impose two-year ban on foreigners buying property
The Australian government has announced a two-year ban on foreign entities purchasing established residential property in the country.
Rate cut will pull big city property prices back from a price drop
Sydney and Melbourne should avoid the risk of property price falls in the year ahead as the RBA rate cut combines with a renewed tightening of rental vacancy rates.
Australian property: Increasing number of house hunters priced out of national capitals weigh up regional move
The quarter-acre block used to be the great Australian dream, but for the average household, a dream is all it may every be.