Morrison mulls further foreign property buyer tightening

Tuesday, 20 September 2016

The government is considering a ban on sales of residential property that breach foreign investment rules, Scott Morrison has revealed.

The treasurer flagged the plan on 2GB Radio on Tuesday when asked why the current regime only allowed for forced sales where rules were breached rather than a check on purchasers’ entitlement to buy property before a sale.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.