| The Australian head of Qatar's sovereign wealth fund-backed Hassad is calling for an urgent rethink on the federal government's policy on foreign land purchases, suggesting the new criteria will hurt land prices.
The Coalition has proposed that Foreign Investment Review Board (FIRB) tests include a lower threshold for rural acquisitions of $15 million down from the existing $248 million. Hassad Australia's John Corbett said that policy had not been thought through and would damage values, The Australian Financial Review reports....................................Full Article: Source
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