Ban on foreign property purchases
March 9, 2025
The Government has announced a temporary ban on investors buying established homes between 1 April 2025 to 31 March 2027. The measure aims to curb foreign “land banking.”
From 1 April 2025, foreign investors (including temporary residents and foreign-owned companies) will be prohibited from acquiring established dwellings unless they qualify for specific exemptions. While exemptions exist, they are limited.
In addition, foreign investors purchasing vacant land will be required to meet development conditions that require the land to be used productively within a reasonable timeframe.
Please contact us if you have any questions - email us or phone our team on 02 9899 3044.
New rules require certain retailers to accept cash payments, ensuring Australians can buy essential goods like groceries and fuel. Is your business affected?
Running a self-managed super fund (SMSF) gives you control, but it also brings legal responsibilities. Education is essential for risk management.
If you’ve invested in further study, you might be wondering if it can help at tax time? For many professionals, the answer is yes if the right boxes are ticked.
