Foreign investor ban to 'free up thousands of properties for Australians'
Australian citizens will not have to compete with international investors at auctions or when purchasing an already established house, regardless of the outcome of the upcoming election

The Labor party plans to prevent foreign investors from buying existing residential properties for a period of two years, starting from April 1.

Australian residents will no longer compete with foreign investors at auction or when buying an existing home, regardless of who wins the next election. (9News)

The Coalition is pushing on with its plan to allow first home buyers to access $50,000 from their superannuation.

“I want to see Australians first into housing and that includes first generation Australian citizens,” Dutton said.

The Greens criticised the policy.

“Are they really proposing that young individuals may have the opportunity to buy a house but would need to deplete their retirement funds in order to achieve it,” Chandler-Mather expressed.

The Coalition leads Labor in new polling out today.

According to a YouGov survey of 40,000 voters, the coalition is currently leading with 51.1 per cent compared to 48.9 per cent on a two-party preferred basis and is projected to secure 73 out of the 150 seats in the lower house of parliament.

But Dutton would still have to negotiate with the crossbench if those figures translated into election results.

Some of them want to see larger changes to the way the parliament runs.

“[It’s] not just about the day of forming government but also about how we make decisions in the parliament,” teal independent Allegra Spender told the ABC’s Insiders today.

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