Ban on foreign property purchases
Aspen Corp • 11 March 2025
Ban on foreign property purchases
The Government has announced a temporary ban on investors buying established homes between 1 April 2025 to 31 March 2027.
The measure aims to curb foreign “land banking.”
From 1 April 2025, foreign investors (including temporary residents and foreign-owned companies) will be prohibited from acquiring established dwellings unless they qualify for specific exemptions. While exemptions exist, they are limited.
In addition, foreign investors purchasing vacant land will be required to meet development conditions that require the land to be used productively within a reasonable timeframe.
The US economy experienced a notable slowdown in the first quarter of 2025, China announced a new stimulus package.
With the 2025 tax season fast approaching the Australian Taxation Office (ATO) is reminding taxpayers to be careful when claiming work related expenses.
As the Labour party settle back into their seats having secured a majority in the House of Representatives, we look at the campaign promises and the unfinished business from the last term.
With the end of the financial year fast approaching we outline some opportunities to maximise your deductions and give you the low down on areas at risk of increased ATO scrutiny.
The ATO has updated its small business benchmarks with the latest data taken from the 2022–23 financial year.
It has been a long time coming, but the Government finally passed legislation increasing the instant asset write-off threshold for the year ending 30 June 2025 to $20,000.
