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A Melbourne Buyers’ agent, David Morrell, has challenged the Foreign Investment Review Board (FIRB) by requesting that it review a recent sale of a blue-chip pre-existing house in the prestigious suburb of Malvern, which he believes was sold illegally to a foreign non-resident purchaser. From The AFR:
In a letter to FIRB chairman Brian Wilson, Mr Morrell said he believed the sale of a Malvern East home for $2.75 million on Saturday, September 20 had been a “clear breach of FIRB rules”.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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