In a move to address housing affordability, the Australian government announced on February 16, 2025, a temporary two-year ban on foreign purchases of established dwellings.
Australia will implement a two-year ban on foreign investors purchasing existing homes, effective April 1, 2025, to alleviate the country's housing crisis. The policy, intended to free up approximately 1,800 properties annually for local buyers, is a response to rising housing affordability concerns and will run until March 31, 2027, with a future review to determine a potential extension.
The decision comes as housing costs become a key issue in the upcoming general elections. Treasurer Jim Chalmers and Housing Minister Clare O'Neil emphasized that the ban will help ease pressure on housing supply. A review will determine whether the policy should be extended beyond 2027.
You can get more information by visiting Foreign Property Ownership Changes
At Casey Taxation, we understand that financial decisions aren’t just about tax savings—they’re also about navigating the broader economic and regulatory landscape. Changes in government policies, such as restrictions on foreign property ownership, can have far-reaching effects on investment strategies, financing options, and long-term financial planning.
We are your one-stop solutions provider, offering expert guidance to help you navigate property-related matters, including:
✅ Structuring property ownership correctly – Whether it's through a trust, company, or individual ownership, we provide strategic advice to optimize tax benefits and asset protection.
✅ Understanding tax and compliance obligations – Staying informed about evolving regulations to avoid unexpected liabilities.
Our goal is to empower you with the knowledge and support needed to make informed investment decisions in a changing property market. If you have any questions about how these changes may impact you, feel free to reach out—we’re here to help.
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