Following industry representation the Government has announced changes under the foreign investment framework to allow foreign buyers to purchase an off-the-plan dwelling when another foreign buyer has failed to reach settlement on it.
Previously, the on-sale of an off-the-plan apartment was regarded as a second-hand sale, which was not open to foreign buyers who are only able to buy new dwellings.
REIA News – June 2018
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Six Month Decline in Housing Finance Numbers
Budget benign for housing: REIA
CPI figures suggest interest rates to remain steady: REIA
