Proposed foreign Investment fees on the high side

February 25th,2015

The Real Estate Institute of Australia (REIA) has welcomed the Government’s resolve to strengthen compliance and enforcement of foreign investment in Australian residential real estate following the release today of its Options Paper.

REIA CEO, Amanda Lynch says, “The strengthening of compliance and enforcement as well as an increase in penalties for non-compliance were recommended by REIA in our submission to the Inquiry into Australia’s foreign investment policy as it applies to real estate.”