Foreign property investment system ‘not broken’, tax to blame

Olivia Lin · Editor, ACproperty 15 April 2015 · 1 min read

Australia’s foreign investment rules have been under scrutiny, with the Foreign Investment Review Board (FIRB) proposing higher fees for offshore purchasers and jail time for those who solely advertise their projects offshore. Esther Yong, director, ACproperty.com.au, commented that Australia needs to improve the enforcement process of the current FIRB framework.

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Written by

Olivia Lin

Editor, ACproperty

Olivia Lin is Editor at ACproperty and a former real estate agent with extensive experience working with Chinese buyers. She writes about buyer behaviour, property marketing and the trends influencing Chinese and international demand for Australian property.