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Australia to Ban Foreign Buyers from Established Homes for Two Years

Labor will ban foreign buyers from purchasing existing homes in Australia for two years starting April 1, according to Housing Minister Clare O'Neil.
The Coalition, led by Peter Dutton, proposed a similar policy in the prior year's budget reply and currently holds a slight lead over Labor in polling, according to YouGov.
Clare O'Neil acknowledged that the ban is not a complete solution to the housing crisis but called it an important move.
The Greens criticized the policy, stating it will not adequately address the housing crisis in Australia, as Max Chandler-Mather said.

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7NEWS Australia

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.

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The Express Tribune

Australia bans foreign investors from buying homes for two years

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