The Australian Government is tightening restrictions on foreign purchases of existing homes and land banking.

17 Feb 2025
Sean Kum

16-02-2025

The Albanese Government is introducing stricter measures to address Australia’s housing crisis by limiting foreign investment in residential properties. From April 1, 2025, to March 31, 2027, foreign investors will be banned from purchasing established homes, with few exceptions. This aims to increase housing availability for Australians.

Additionally, the government is cracking down on land banking, where foreign investors buy vacant land but delay development for profit. The ATO and Treasury will enhance compliance efforts, with increased funding to monitor and enforce these regulations.

Full article (Click Here).

Sean has consistently been quick to respond and proactive in his role. His advice and support paved the way for us to successfully purchase our first home. His personality is a perfect match for his profession. Reach out, and I’m sure you won’t regret!

- Sanjeev
East Cannington

This was our first time selling a property and we were very fortunate that we decided to go with Sean. Sea guided and updated us constantly throughout the whole process, from providing an honest and accurate appraisal of our property, to the selling process, marketing, home open, contracting right up to settlement. Our property was sold after the first home open at a price above our asking and this is due in many ways to Sean's good engagement with the viewers and potential buyers. If you desire a stress-free selling process, look no further than Sean. Highly recommended!

- Chang
Belmont

I recently sold my property with the help of Sean Kum . I found he was extremely helpful, informative, thorough in his work and he was very caring to people. I think I made one of the best decisions in my life to sell the property with the help from Sean.