This is not new news, its been out for a few days, but I wanted to post it as I had a question in the comments today
- Australian "Treasurer Joe Hockey said foreign investors have been ordered to sell six properties in the cities of Sydney, Brisbane and Perth. The homes are valued between 152,000 and 1.86 million Australian dollars (US$112,768 and US$1.38 million)."
That's from a Wall Street Journal report (may be gated) of a few days ago
The report goes on:
- The orders could be the tip of the iceberg
- Mr. Hockey (said) probes have unearthed 462 possible breaches of foreign homeownership rules
- The treasurer said he expects more divestment orders will be announced soon
OK, Aussies .... get on the bid!
