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Australia bans foreign investors from buying existing homes for two years to help locals afford housing.
Federal Labor in Australia has announced a two-year ban on foreign investors buying established homes, starting April 1, 2023, and ending March 31, 2027, with an exemption for developments of 20 or more properties.
Foreign buyers spent $4.9 billion on 5,360 homes in 2022-23.
Housing Minister Clare O'Neil emphasized the goal of helping young Australians own homes.
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Australia prohíbe a los inversores extranjeros comprar casas existentes durante dos años para ayudar a los locales a costear la vivienda.