From www.holmanwebb.com.au: The Federal Government of Australia announced a temporary ban on foreign purchases of established dwellings starting from April 1, 2025, lasting at least two years.

This ban includes foreign individuals, temporary residents, and foreign-owned companies, with some exceptions for investments that significantly increase housing supply and certain other categories.

The government will also enhance enforcement measures against land banking and conduct audits of foreign investment approvals related to residential properties.