A parliamentary committee into Managing Compliance with Foreign Investment Obligations for Residential Real Estate has uncovered more details about how Victoria (read Melbourne) is the nation’s hotbed for illegal foreign purchases of Australian property and how the Australian Tax Office (ATO) has failed miserably to enforce the rules precluding foreign nationals from purchasing established homes. From The Herald-Sun:
Melbourne is home to 18 of the top 20 postcodes in Australia for foreign investors illegally buying real estate, new figures reveal…
