Australia Government announces foreign investment moratorium, urges rule-breakers to come clean.
"If you do not come to us, we will come to you because eventually we will find those people that have engaged in unlawful acquisition of Australian real estate and we will prosecute you and we will be very hard about it.”
"The Australian Government welcomes foreign residential investment. It is the genesis to building Australia’s economy by supporting population growth and provides financial prosperity for all Australians”
Overseas foreign investors are permitted to purchase FIRB approved real estate.
