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.
2018 REIA National Awards for Excellence winners announced
Property Prices on the Rise: Report
Housing Finance Continues to Decline
Housing Affordability Falls Across Australia: Report
REIA News – February 2018
2018 REIA National Awards for Excellence finalists announced
Housing finance declining across the board
First home buyers benefitting from stable market