Changes for off-the-plan foreign buyers rely on a broken supply argument
- Written by Dallas Rogers, Urban Studies Researcher: Institute for Culture and Society & Urban Research Program, Western Sydney University
The government is proposing changes to the foreign investment framework that will allow a foreign real estate investor to purchase an off-the-plan dwelling when another foreign investor has failed to reach settlement.
In announcing the changes, Treasurer Scott Morrison deployed a familiar narrative about foreign investment increasing housing supply...
Read more: Changes for off-the-plan foreign buyers rely on a broken supply argument