Finance expert Mark Bouris has criticised the Albanese government’s new housing policy, arguing it will do little to ease pressure on the market.
The policy, set to take effect on April 1, bans foreign investors from buying established homes for at least two years, but Bouris believes it is largely symbolic.
“Foreign buyers are not flooding the market,” he said on his Property Insights Podcast, adding that the ban primarily targets high-end properties. “It’s not like they are keeping a nice, young family out of a $12m home…”
According to realestate.com.au, the measure will impact only around 1,600 of the 520,000 homes sold annually—just 0.3% of transactions—leading Bouris to dismiss it as “window dressing.”
Legal expert Nicole Leggat agreed, arguing that restricting foreign purchases of existing homes alone won’t significantly affect prices.
Source: realestate.com.au
