The Australian government has now clawed back $107 million in illegally held properties by foreign nationals since cracking down on foreign investment almost two years ago.
"We're prepared to implement those laws and enforce them," Mr Morrison told Sky News on Monday.
"Over $100 million of residential real estate assets owned and illegally acquired by foreigners have been forced to divest another 15 properties today, and it's not just at the high end of the market - it's at the low end of the market as well, where many Australians are trying to get into the market," he said.
The laws mean that foreign investors are faced with fees to purchase the home, and those who illegally acquire property are forced to pay a percentage of the value of home as a 'civic penalty'.
"We're trying to ensure, I think with some success, that our foreign investment rules are enforced on every occasion and to those who think they can then creep in and snatch away some property from the hands of Australian homebuyers, well we've got news for you: you'll be forced to sell it and do that and do that forthwith," Mr Morrison said.
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The news comes as the latest Newspoll reveals the Coalition is trailing eight points behind Labor in the polls.
