Australians will no longer compete with international bidders when buying existing property. In other news, three more Israeli hostages have been returned to their families after Hamas and Israel completed another exchange.
*Subscribe and 🔔: http://9Soci.al/KM6e50GjSK9 | Latest News Today* | (0:00) Foreign investors blocked from property auctions and (2:06) More Israeli hostages returned.
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0:00 Foreign investors blocked from property auctions
1:13 Westpac outage
1:33 White supremacist bootcamp gathered on Melbourne beach
2:06 More Israeli hostages returned
4:26 WA’s North assesses the damage of Cyclone Zelia
6:04 Jannik Sinner accepts suspension for use of a banned substance
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7:59 Innocent neighbour confronted by police after misunderstanding
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Finally woken up government
But sorry to tell you it’s 20 years too late the foreigners have already bought all the properties and locked them up and headed back home till they are ready to cash in
Pauline Hanson has been telling you morons this for decades but you all thought she and the public were crazy
hmmm such as puppet donald trump case for western ukraine and do such existing case in many capitalist american thives african contenent then do such a thing westbank averation for proverty case
Albo is hopeless leader
Will the two nurse from bankstown be free because police still have not changed them knowing labor is afraid of the backlash from the voters from Sydney
Labor playing politics on the housing market. This should have been done long time ago. Hahaha to bad for the greedy foreigners!!!!!
This won’t change people’s minds!!!! No More Votings for Labor and the Greens this election!!!!
The money laundering scheme will stop soon!!!!
Thank god. I am 1 owner in a block of 8. 7 of which are Indian overseas owners that only rent to Indians?
It was Paul Keating who started the great foreign buy-up of Australian property, telling those of us who objected that we were "racist".
How about the land?
Goverment Filling small potholes, that's it.
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Amazon will start supporting Qardun-Finance this week
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Leaks coming out about Trump working together with shareholders involved with Qardun-Finance
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More exchanges than Coinbase and Binance will list Qardun-Finance now that it has Trump support
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Qardun-Finance is going to be integrated in Amazon this week and probably Walmart by next month
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Israel released "prisoners" then show a couple of 70 plus yr old men and women bieng released wow what a threat they mustvof been
A good move but the real issue is short supply of new builds caused by high interest rates, rising cost , labour shortages , 40% tax on new builds , slow and stringent permit approval, making it harder for developers and investor buyers to help ease rental crisis . A labour government mismanagement.
Most residential properties are bought by locals for investment. Many more times than bought by foreigners.
If there is no control on that segment, it will still make it difficult for first-time buyers. In fact, this will push temporary foreigners towards renting, raising the rental costs for local renters who are competing with local purchasers.
It looks like neither side of the political divide in Australia has the will to do what it needs to solve the housing problems for local first-time buyers.
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An ex
Kiwi now Australian friend of mine whose former NZ classmate deals in Real Estate in Auckland told me that a Chinese investor arrived in Auckland to seal a contract to buy 13 apparently prevetted properties……..signed the paperwork and flew home the next day.I imagine similar things are happening in Australia and being kept quiet….mustn't stir up the locals, eh?
Just coping what Pauline has been saying & now Dutton Albo has no idea.
This should have been done years ago. I’ve heard China owns a third of Australia. Albo’s new name is TOO LATE ALBO