Treasurer orders sale of six homes

Treasurer Joe Hockey has ordered five foreign nationals to sell their six residential properties in Australia which are being held unlawfully.

A house is for sale in Sydney

A house for sale in Sydney, Source: AAP

Joe Hockey has ordered the sale of six residential properties owned by foreign nationals.

The owners live in four countries, with one investor having two in a Perth suburb, the treasurer told reporters in Sydney on Saturday.

Some purchased the properties with Foreign Investment Review Board approval but their circumstances have changed, while others have simply broken the rules, he said.


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Source: AAP


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