Foreign property investment plummets as tougher regulations bite

Foreign investment in Australia’s residential property market has plummeted by almost two-thirds as tighter regulations start both here and abroad start to bite. The Foreign Investment Review Board (FIRB) annual report found both the number and value of residential applications dropped significantly through 2016. On FIRB figures, the value of residential property approvals. … https://ab.co/2L6xnxh

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