FIRB sting forces sale of another eight homes around the country
“I once again warn foreign investors in residential real estate that they must comply with Australian law. Australia welcomes foreign investment but at all times foreign investors must comply with our laws,” Mr Morrison said.
“The foreign investors either purchased established residential property without Foreign Investment Review Board approval, or had approval but their circumstances changed meaning they were breaking the rules.” http://www.theaustralian.com.au/bus...alian&utm_medium=email&utm_campaign=editorial
