Australia imposes a ban on the purchase of foreigners for real estate … and this is the reason

The Australian government has imposed a two -year ban on the purchase of foreign entities for residential real estate in.
Australian Federal Housing Minister Claire O’Rel, in a statement, said that in Australia is an important step.

Real estate in Australia

She stated that in light of the residential pressures faced by the Australians, it is necessary to focus all the Australian government’s efforts to secure housing for the Australians.
On the other hand, the basic inflation rate in Australia for the quarter ended in December 2024 AD decreased to 3.2%.
It is the lowest level since late 2021 AD, according to a statement issued by the Australian Statistics Office.

Inflation in Australia

He stated that this decline enhances the inflation of expectations that the Australian Federal Reserve Bank may tend to reduce interest rates at the next meeting of its board of directors.
In recent years, the Australian Central Bank has rarely raised interest rates to combat high inflation.
But the decline in inflation may open the door to more flexible monetary policies in the near future.