Foreign buyers in Australia are cooling off fast—residential approvals dropped 22% thanks to the government’s extended housing ban, which won’t hit full force until next financial year. But while residential buying slows, foreign investment overall surged 32%, fueled by booming commercial deals worth nearly $256 billion. A new 30% capital gains tax on foreign investors adds pressure, yet green energy gets a sweet deal: a 10-year tax break to keep global cash flowing into clean projects. Meanwhile, the “Future Made in Australia” plan funnels funds into key sectors like minerals and renewables—but critics warn it risks distorting markets by picking winners instead of fostering broad-based growth.
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