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Crackdown on foreign ownership: Australia orders sale of 7 homes

Thursday, November 19, 2015 - 05:50

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The Australian government said it ordered the sale of seven residential properties bought in breach of foreign ownership laws, in a response to concerns that offshore buyers are driving up house prices.

Sydney

THE Australian government said it ordered the sale of seven residential properties bought in breach of foreign ownership laws, in a response to concerns that offshore buyers are driving up house prices.

Australian capital city homes are considered among the most overpriced

sentifi.com

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