Afghanistan, Feb. 17 -- Australia has announced a two-year ban on foreign investors from purchasing existing homes as part of measures to address the country's housing crisis. The ban will come into effect from April 1, 2025, and remain in place until March 31, 2027.
The primary goal of the ban is to "free up thousands of homes for Australian citizens." This restriction will prevent foreign buyers, including students and overseas companies, from purchasing existing homes during this two-year period. The decision comes in response to an ongoing housing affordability crisis, which has made it difficult for many Australians to enter the housing market.
Australia has been facing an unprecedented rise in housing prices, and the housing crisis ...