The Australian government has announced a two-year ban on foreign investors purchasing existing homes, replicating a previous policy from the Coalition. The move is part of Labor’s broader strategy to improve housing affordability by prioritizing local buyers.
While foreign investors can still buy newly built properties to support housing supply, the ban targets temporary residents and offshore investors looking to purchase established homes. Critics argue that overseas buyers represent only a small portion of the market, questioning the policy’s overall impact on affordability.
Government officials emphasize that addressing Australia’s housing crisis requires a multi-faceted approach, including increased housing supply and better land-use policies.
