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Canberra: Australia is planning to ban foreigners from buying established houses for the next two years. The move is part of Prime Minister Anthony Albanese-led government’s election pitch to tackle surging home prices. The move is likely to affect a large number of Indians who go to Australia for their higher education and later settle…
Australia’s Prime Minister Anthony Albanese. File | Photo Credit: Reuters Australia will ban foreign investors from buying existing homes in the country for two years, its government said on Sunday (February 16, 2025), in an effort to boost under-pressure housing supply. “We’re banning foreign purchases of established dwellings from April 1, 2025, until March 31…
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