Mike's Minute: The Govt need to move on foreign buyers this year
The good people at OneRoof were hinting at it the other day.
They were reacting to what I know to be a bit of a buzz within the real estate community that the Government are going to move on foreign buyers this year.
I talk to a lot of agents. They range from telling me it's on, to those who hope it's on, to those who want it to be on but aren't holding their breath.
Currently you can buy a house if you are Australian or Singaporean. Apart from that there are hoops and hurdles for some foreigners, but mainly you are blocked.
This of course is nonsense and National had a very elegant solution…
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