{"id":17050,"date":"2019-02-20T09:30:54","date_gmt":"2019-02-19T20:30:54","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=17050"},"modified":"2019-02-20T09:30:54","modified_gmt":"2019-02-19T20:30:54","slug":"more-foreign-buyers-forced-to-sell-their-homes-in-firb-crackdown","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/more-foreign-buyers-forced-to-sell-their-homes-in-firb-crackdown\/","title":{"rendered":"More foreign buyers forced to sell their homes in FIRB crackdown"},"content":{"rendered":"

 <\/p>\n

PHOTO:\u00a0Foreign investment in residential property has plummeted.<\/strong><\/p>\n

More foreign buyers have been caught out in the government’s crackdown on illegally-owned properties with 131 owners forced to sell their assets during the 2018 financial year.<\/p>\n

The Foreign Investment Review Board’s latest annual report showed the number of property divestments as a result of a breach in foreign buyer rules was up from 96 a year prior \u2013 and accounted for one-fifth of identified violations.<\/p>\n

The number of total breaches of real estate rules by foreign buyers also increased from the previous year, from 549 to 600.<\/p>\n

READ MORE VIA AFR<\/a><\/p>\n

\n

https:\/\/www.instagram.com\/p\/BtZjpEuFZ2c\/<\/p>\n","protected":false},"excerpt":{"rendered":"

  PHOTO:\u00a0Foreign investment in residential property has plummeted. More foreignRead More →<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478098726,478103719,478098562,478099481,478098519,478098535,478098513,478098579,478098510,478098514,478098511,478098509,478103720],"class_list":["entry","author-data123nz","post-17050","post","type-post","status-publish","format-standard","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-chinese-buyers","tag-crackdown-on-illegally-owned-properties","tag-foreign-buyers","tag-foreign-investment-review","tag-home-ownership","tag-house-prices","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-news","tag-real-estate-rules"],"yoast_head":"\nMore foreign buyers forced to sell their homes in FIRB crackdown - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/more-foreign-buyers-forced-to-sell-their-homes-in-firb-crackdown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More foreign buyers forced to sell their homes in FIRB crackdown - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"  PHOTO:\u00a0Foreign investment in residential property has plummeted. More foreignRead More →\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/more-foreign-buyers-forced-to-sell-their-homes-in-firb-crackdown\/\" \/>\n<meta property=\"og:site_name\" content=\"Property News Australia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PropertyNoiseNZ\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-19T20:30:54+00:00\" \/>\n<meta name=\"author\" content=\"Property Noise Group\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:site\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Property Noise Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/more-foreign-buyers-forced-to-sell-their-homes-in-firb-crackdown\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/more-foreign-buyers-forced-to-sell-their-homes-in-firb-crackdown\\\/\"},\"author\":{\"name\":\"Property Noise Group\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/175c8981af50e593000aa8ad7aab9d84\"},\"headline\":\"More foreign buyers forced to sell their homes in FIRB crackdown\",\"datePublished\":\"2019-02-19T20:30:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/more-foreign-buyers-forced-to-sell-their-homes-in-firb-crackdown\\\/\"},\"wordCount\":115,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\"},\"keywords\":[\"australia\",\"Australians\",\"chinese buyers\",\"crackdown on illegally-owned properties\",\"Foreign Buyers\",\"Foreign Investment Review\",\"Home ownership\",\"house prices\",\"property\",\"property market\",\"Property News\",\"propertynoise\",\"real estate\",\"Real Estate News\",\"real estate rules\"],\"articleSection\":[\"Australian Property & Real Estate News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/more-foreign-buyers-forced-to-sell-their-homes-in-firb-crackdown\\\/\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/more-foreign-buyers-forced-to-sell-their-homes-in-firb-crackdown\\\/\",\"name\":\"More foreign buyers forced to sell their homes in FIRB crackdown - 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