Treasurer Joe Hockey has ordered the sale of six foreign-owned residential properties and warned others are in his sights. The federal treasurer announced yesterday five investors from four countries have 12 months to sell their half-dozen properties in Sydney and on the outskirts of Brisbane and in Perth.
They ranged from A$152,000 ($170,000) to A$1.86 million in price.
"Some purchased property with Foreign Investment Review Board approval, but their circumstances have changed. Some have simply broken the rules," Hockey said.
Full article: http://www.nzherald.co.nz/world/news...ectid=11494262
They ranged from A$152,000 ($170,000) to A$1.86 million in price.
"Some purchased property with Foreign Investment Review Board approval, but their circumstances have changed. Some have simply broken the rules," Hockey said.
Full article: http://www.nzherald.co.nz/world/news...ectid=11494262