Restriction to foreign ownership of housing – impacts on international hires and assignees to Australia

Hayley Lock, Mark Wright and Eli Christodoulou provide insight on the Australian Government’s measure to further restrict foreign ownership of established dwellings and how global mobility teams can navigate this change to continue to attract talent to Australia.

Announced as a pre-budget measure, the Government will effectively ban foreign investors from purchasing established homes for at least two years from 1 April 2025. Foreign persons are still permitted to acquire new builds and off-the-plan dwellings, subject to Foreign Investment Review Board (FIRB) approval. The stated purpose of the measure is to combat Australia's ongoing housing crisis, with the Government stating: "…the ban will mean Australians will be able to buy homes that w...

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Authors: Hayley Lock, Mark Wright,

Published Date: 16 April 2025