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 – September – October 2019
CPI continues to be good news for home buyers and renters
Justin Nickerson wins auctioneering silverware for third time
All Aussie final for “pinnacle” in Australasian Auctioneering
Auctioneers ready for annual show down
June quarter stats see bottom of the market: REIA
Rental affordability hits 11 year high: report
REIA News – August 2019