Reported at www.abc.net.au: The federal government will impose a two-year ban on foreign investors purchasing existing homes, which also aligns with a previous Opposition policy.

The ban, which will begin on April 1, excludes new homes and aims to address housing affordability concerns, despite foreign buyers accounting for less than one percent of home purchases last financial year.

Labor’s strategy focuses on boosting housing supply and includes limited exceptions for investments that significantly increase housing availability.