Original article by Nick Lenaghan, Joanna Heath
The Australian Financial Review – Page: 5 : 1-Oct-14

Harsher penalties have been proposed for foreign real estate investors who do not comply with regulations. Kelly O’Dwyer, head of the Australian parliamentary inquiry into foreign investment into real estate, said that few breaches were detected as foreign investors had to self-report to the Foreign Investment Review Board. Analysis by First National Real Estate found that prices had increased in some suburbs in Sydney and Melbourne that were popular with Asian investors

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