Australia orders sale of properties bought illegally by foreigners

Sydney

AUSTRALIA has ordered the sale of 15 properties illegally acquired by overseas buyers as part of the government's crackdown on breaches of its foreign investment laws.

The properties are located in Victoria and Queensland and have a combined purchase price of more than A$14 million (S$15.1 million), Treasurer Scott Morrison said in a statement on Monday. They range in value from A$140,000 to A$5.9 million.