Treasury has released a new Working Paper on foreign investment and residential property price growth. A key finding of the paper is that the majority of residential real estate price growth experienced in recent times does not appear to be attributable to increased foreign demand.
The Treasurer has announced changes to Australia’s foreign investment review framework, effective from 10.30pm AEDT on Sunday 29 March 2020, relating to monetary thresholds and timeframes for reviewing applications. Details are available in our Guidance Note number 53, which addresses the effects of the changes. All material on this website should be read in light of the Treasurer’s announcement.