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Australia forces sale of 16 foreign-owned properties

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Published Mon, Sep 19, 2016 · 09:50 PM

Sydney

AUSTRALIA has forced the sale of 16 properties bought without government permission by foreigners, Treasurer Scott Morrison said on Monday, after ramping up enforcement of overseas investment rules that have until recently been rarely applied.

Foreign ownership of land has become a sensitive issue in Australia and a flashpoint between Australia and China as debate rages over the effect of overseas investment on real estate prices and on national interests.

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