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Australia imposes two-year ban on foreigners buying existing homes

02:54 Min

Australian home buyers are awaiting a central bank policy decision tomorrow, where a cut in rates could make a big difference in affordability. The government is already taking measures to ease the housing shortage — the latest being a two-year ban on foreigners buying existing homes. Roger Maynard reports.

Australian home buyers are awaiting a central bank policy decision tomorrow, where a cut in rates could make a big difference in affordability. The government is already taking measures to ease the housing shortage — the latest being a two-year ban on foreigners buying existing homes. Roger Maynard reports.

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