Daily Cuts - Australia to ban foreigners from buying some homes as costs soar

From 1 April, Australia’s government will ban foreign investors from buying established houses for the next two years as part of an election pitch to tackle surging home prices. The restriction will then be reviewed to determine whether it should be extended. Andrea Heng and Hairianto Diman examine the reasons foreign investors are buying these homes, and the extent the ban will achieve its objective, with Dr Ameeta Jain, Associate Professor in Property and Real Estate, Deakin Business School.