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As revelations of another evacuation apartment in Sydney emerge, there are fresh questions about the consumer protections available for buyers in high-rise units. So what can you do to avoid living in a lemon?
With prices in both cities continuing to fall and with a strong pipeline of new units still being built, settlement risks for both buyers and developers may remain elevated for several years yet.
The Government reviews foreign investment proposals against the national interest on a case‑by‑case basis. This flexible approach is preferred to hard and fast rules. Rigid laws that prohibit a class of investments too often also stop valuable investments. The case‑by‑case approach maximises investment flows, while protecting Australia's interests.