FOREIGN investment fees for the purchase of established home will be tripled under legislation introduced to federal Parliament by the Albanese government yesterday...

The Foreign Acquisitions and Takeovers Fees Imposition Amendment Bill 2024, announced in the Mid-Year Economic and Fiscal Outlook, will aim to...

The legislation would also double vacancy fees for all foreign‑owned dwellings purchased since 9thMay, 2017, which they said together means a six‑fold increase in...

“Higher fees for the purchase of established homes and increased penalties for those that leave properties vacant will help ensure foreign investment in residential property is...

Foreign nationals are generally barred from buying existing property, but can do so in limited circumstances such as when they come to live here for work or study...

“These changes further encourage foreign nationals to buy new property instead and help to ensure that those who do get approval follow the rules,” Collins and...

“The higher fees for established dwellings will encourage foreign buyers to invest in new housing developments. This will help create additional housing stock...

The federal and state and territory governments’ National Housing Accord is aiming to deliver 1.2 million “well-located homes” over five years from July, although...

The federal government will also look at cut application fees for foreign investment in build-to-rent projects to encourage further development in nascent sector...

That follows its move last year to introduce tax breaks for build-to-rent developers, in the form of halving the withholding tax rate for eligible fund payments from...