Two-year break: Australia no longer wants buyers from abroad for real estate

Acacia Gardens, North-West Sydney, Aerial Photography

Foreign investors will no longer be able to buy property in Australia, starting from 1 April Source: Moment RF / Andrew Merry/Getty Images

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After New Zealand, Australia is also making it more difficult for foreigners to buy a house. The reason being the unaffordable real estate market, which is jeopardizing the Australian dream of owning a home. But this is a controversial issue ahead of the election. Barbara Barkhausen has put together exactly what is changing for us.

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