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Foreign home-buying approvals plunge 22% after government ban announced
✓ Source-backedMoney & Work

Foreign home-buying approvals plunge 22% after government ban announced

Investment approvals fell to 5,284 in 2024/25. Almost all of the drop came from residential property purchases.

Why it mattersThe sharp drop shows the ban is already affecting foreign buyers before it takes effect. The full impact will become clear after April 2025.

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