Third Party Fines

Personally i believe that the issue is overstated....eg "The Chinese" outbid me (and its a 2nd/3rd generation who is as aussie as you are).


Will be interesting to see who is the first "third party" caught under the new rules that apply from today for foreigners buying existing property in Australia.

eg $225k fine for any real estate agent, property manager, solicitor etc who help a foreign national buy existing property in Australia.....could be a bit of a money spinner for 2015/16 budget :)

http://www.domain.com.au/news/are-you-a-foreign-property-investor-in-australia-what-you-now-need-to-know-20151201-glck5c/