With the unembarrassed audacity parties show as an election nears, the government has stolen the opposition’s policy to ban foreign investors buying established homes.
Treasurer Jim Chalmers and Housing Minister Clare O'Neil have announced foreigners won’t be able to purchase established homes from April 1 for at least two years, with a review to determine whether the ban should be extended.
When the opposition announced its policy last year, Labor was dismissive, pointing out the numbers were minuscule. But the idea is popular with the public and the government is anxious to neutralise it.
