Australia

Australia

Government forces the sale of 16 foreign-owned properties

19 Sep 2016

On 19 September 2016, Australia’s Treasurer has ordered the divestment of a further 16 Australian residential properties that have been held by foreign nationals in breach of the foreign investment framework, taking the total purchase price of Australian residential real estate divested to over A$92 million.

  • Type:
    • Entry and establishment (Access to land)
  • Industry:
    • Not industry specific
  • Sources: