But does this all mean those fly in buying sprees we hear about where agents picking the parties up from the airport and buying 60 houses then fly out the next day will stop due to them being non residents? or those who are buying from o/s without even sighting the property?
There has been a fair bit of backlash over this for the Rudd government, why would they need votes from non residents who can't vote anyway? They have nothing to loose by reverting to pre GFC policy or even tightening it past that point. I'd say the vast majority of Aussies would be happy with this as housing is solid in Australia and doesn't need propping, right.....and why all this concern over if rates are at their 'normal' level? Normal might not be normal in a few months, a bit like the 'gradual' rise of rates.
