The Government has announced a temporary ban on investors buying established homes between 1 April 2025 to 31 March 2027.
The measure aims to curb foreign “land banking.”
From 1 April 2025, foreign investors (including temporary residents and foreign-owned companies) will be prohibited from acquiring established dwellings unless they qualify for specific exemptions. While exemptions exist, they are limited.
In addition, foreign investors purchasing vacant land will be required to meet development conditions that require the land to be used productively within a reasonable timeframe.
Want to Know More?
Our team is available to discuss your concerns and queries
Monday to Friday 8.30am to 5.00pm.
Latest Articles & Insights
Jamie Rossington
We want to welcome Jamie Rossington as a part owner of Bentleys Newcastle. Many clients know Jamie and have had interactions with him over the many years he has been with Bentleys, and he has now stepped up to an ownership role. Jamie draws on over 20 years of...
Self-education: What can you claim?
The Australian Taxation Office have released a new draft ruling on self-education expenses. We revisit the deductibility of self-education expenses and what you can and can’t claim. If you undertake study that is connected to your work you can normally claim your...
30% tax on super earnings above $3m
Treasury has released draft legislation to enact the Government’s plan to increase the tax rate on earnings on superannuation balances above $3m from 15% to 30% from 1 July 2025. This is the final step before the legislation is introduced into Parliament and a step...
The ‘Airbnb’ Tax
Property investors that choose to utilise their property for short-term stays (or leave it vacant) are firmly in the sights of the regulators. The Victorian Government’s recent Housing Statement announced Australia’s first short-stay property tax. The additional tax,...
$20k deduction for ‘electrifying’ your business
Electricity is the new black. Gas and other fossil fuels are out. A new, limited incentive nudges business towards energy efficiency. We show you how to maximise the deduction! The small business energy incentive is the latest measure providing a bonus tax deduction...
Omnisure: Aiding companies in navigating risk & empowering growth
The Challenge/Opportunity Omnisure is an award-winning insurance company based in NSW, whose professionalism and strong client-focused values have stood out in the Australian insurance sector for over 20 years. Recently, the Omnisure team was engaged by the CFO of a...