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As of 1 January 2023, investors who flout foreign investment laws for residential properties will be hit with double penalties. Following up on the Albanese government’s election promise, the crac
The day after a foreign investor was fined $250,000 for illegal investments in Australia, an investment expert has argued that the dearth of foreign buyers is accentuating supply issues in the rental market.
Australia's Federal Court has fined a man living in Victoria for illegally purchasing and possessing multiple properties, the ...
It’s the first ever fine to be doled out under Australia's foreign investments rules. Vijay Balasubramaniyan, a residential real estate buyer, has been penalised $250,000 after he was found to ha
It’s the first ever fine to be doled out under Australia's foreign investments rules.