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Same in Canada through 2027.

Wonder how the owners of houses for sale feel about this? Perhaps the Aussie govt should compensate them for this restraint of trade.

Smart don’t let foreigners buy your homeland.

It's a start !

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New Zealand did the same.Stop the ultra rich foreigners buying up property to escape their own countries taxes and/or oversight. While locals can barely afford a home in their own country.

Smart. We need this in the United States.

It's true, but it will stop the racists from the issue to gain political power.

But foreigners can still buy and develop raw land.

Yankee Doodle Dandy! 🕺

Wish we would do something similar here.

Good, also OVERBUILD. That will tamp down prices. Also light rail to new neighborhoods.

Maybe prevent second home purchases, or disinformation entities second hones through increased RE Tax burden.