Prime Minister Tony Abbott announced tougher rules for foreign investment in Australian real estate over the weekend.
“My personal view was it was vote getting, and they were out there to try and get those because of this undertone that we’re selling our country off to the Asian marketplace which is absolutely incorrect."
It's timely to clarify a few facts on foreign investment in Australia.
FIRB Chairman says they're limited in their ability to discover and prosecute illegal deals.
Homes across the range in terms of value are under FIRB investigation.
Labor has reserved judgment on whether it will support the Abbott government's foreign investment crackdown plans, some of which start on Monday without any draft law in sight.
In 2015 it seems incredible that Australia's political leaders are still trying to lay the blame for our economic problems on foreigners.
Overseas buyers will be charged hefty fees under plan by Abbott.
Federal Government flags big fees for foreign buyers of Australian residential real estate.
It's not because of foreign investors that Australia has record low numbers of first home buyers.
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