Australia

Australia

Increases fees for the acquisition of dwellings by foreign investors

09 Apr 2024

On 9 April 2024, the Foreign Acquisitions and Takeovers Fees Imposition Amendment Act 2024 came into force. Among other changes, the Act triples fees for foreign investment for the acquisition of established dwellings, and doubles vacancy fees for established and new residential dwellings for vacancy years commencing on or after 9 April 2024.

  • Type:
    • Entry and establishment (Access to land)
    • Treatment and operation (Other)
  • Industry:
    • Services (Construction, Real estate activities)
  • Sources: