Critics cast doubt on effectiveness of policy, citing low volume of purchases by overseas buyers, as Labor seeks to improve housing affordability
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Prospective home buyers will face less competition from overseas, with Labor promising to ban foreign investors from purchasing existing homes for at least two years.
But the restriction – which replicates a policy announced by the Coalition last year – will capture less than 0.4% of the housing market, casting doubts over its efficacy.
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Source: https://www.theguardian.com/australia-news/2025/feb/16/labor-to-ban-overseas-buyers-from-buying-existing-homes-for-at-least-two-years-replicating-coalition-policy
