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Tag Archives: Prime Minister Tony Abott

Australia: Foreigners who buy property illegally to face severe fines

In the latest policy proposal by Prime Minister Tony Abott’s government’s tough new laws to combat the nation’s housing affordability crisis, which has been partially caused by foreign investors who have inflated housing costs and priced out local buyers, foreign investors who have purchased property illegally in Australia will have until the end of November to come forward to avoid criminal ...

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