Big changes are here. From 1 April 2025, the Australian Government has introduced a 2-year ban on foreign purchases of established homes, along with higher fees and stricter compliance.
🔒 What’s changing?
• Ban applies to foreign individuals and entities until 31 March 2027
• Fees for applications tripled and vacancy fees doubled
• $5.7 million allocated to boost enforcement and crack down on land banking
• Limited exemptions for developments that increase housing stock
🎯 These changes aim to improve housing affordability and access for Aussie buyers. Foreign investors and developers will need to reassess their strategies and stay fully compliant.
💬 Want to know how this could impact your property plans? Let’s chat. Sunny Finance is here to help.
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