New Zealand to Ban Foreign Property Purchases
The new government in New Zealand has vowed to introduce legislation to ban foreign property buyers from purchasing existing homes.
National Trust Angered by Sydney GPO Sale
The National Trust says the historic Sydney GPO building is "not being protected" after Australia Post finalised the sale to a foreign business venture operated by...
Brits Buy Failing Arrium Steel
A British led consortium has gobbled up failing Australian steel maker Arrium after beating out a Korean consortium which had previously been identified as the preferred...
Should We Welcome Chinese Investment into Australia’s Construction Industry?
China’s audacious $1.8 trillion global infrastructure and construction project, touted as the new Silk Road, is a clear sign of the country’s ambition to be seen...
Queensland Slugs Foreign Investors More
Foreign owners of investment property in Queensland are to be slugged with a 1.5 percent land tax surcharge on any property which they hold which has...
Is Australian Real Estate a Haven for Money Laundering?
Across many Asian countries, ownership of luxury apartments in New York or Sydney can be a sign of status and prestige.
Foreign Investors Face Tax for Vacant Property
Foreign investors who purchase and leave properties unoccupied in Australian cities face a ‘ghost tax’ as part of measures to address housing affordability, media reports suggest.
Chinese Cop Boss Jailed over Australian Real Estate
A Chinese court has sentenced a senior police officer to 17 years in prison for his part in a bribes-for-projects scandal, proceeds from which were used...
Foreigners Forced to Sell $107m in Illegal Property
Foreign nationals have been forced to offload more than $100 million worth of illegally acquired Australian real estate.
Victoria to Raise Stamp Duty and Land Tax for Foreigners
Foreign buyers in Victoria will pay more stamp duty on residential real estate and higher land tax with the state government hiking its charges to raise...
Crowdfunding campaign aims to Buy Kidman
A crowdfunding campaign is confident of trumping a Chinese-led bid for Australia's largest landholder, S. Kidman and Co, as it taps home-grown sentiment.
Chinese Investment in Australian Property up 60%
Chinese investment in Australia has grown 60 per cent to $15 billion as investors continue to buy real estate, and expand into new areas such as...
Foreign Buyers to Continue Driving Commercial Property
After acquiring more than half of all Australian office towers sold last year, foreign investors are expected to continue to show a strong appetite for commercial...
Govt Tightens Rules on Foreign Investors
The Abbott government has delivered on a 2013 election promise to put foreign investment in agricultural land under greater scrutiny.