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Australia delves deeper into illegal home buying by foreigners

Wednesday, June 10, 2015 - 05:50

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Mr Hockey himself reported a neighbour's property purchase over fears it was obtained through "spurious grounds"

Sydney

AUSTRALIAN Treasurer Joe Hockey on Tuesday widened a probe into the illegal buying of residential property by foreigners, with almost 200 sales being investigated for breaching investment rules.

Prices of residential real estate in some of Australia's biggest cities, such as

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