Crackdown on land and banking foreign investments
February 27, 2025
The government has announced a 2-year ban on foreign investors purchasing established homes, effective 1 April 2025 to 31 March 2027, to ease housing market pressure.
The new ban applies to all foreign investors, including temporary residents and foreign-owned companies, with exceptions for:
- investments significantly increasing housing supply
- the Pacific Australia Labour Mobility (PALM) scheme.