Australian Property News

Foreign Investor Fined for Land Banking Breach

By Ravs Realtors · 22 September 2026 · 1 min read · Source: Accountantsdaily
Photo: Ron Cogswell / flickr · CC BY 2.0

The ATO has fined a foreign investor $370,000 for failing to construct a residential dwelling on vacant land within the required four-year timeframe, highlighting a crackdown on land banking practices.

This enforcement action reinforces the government's commitment to increasing housing supply. For investors in Melbourne's western growth corridor, it underscores the importance of understanding and adhering to FIRB development conditions for vacant land purchases.

Summarised by Ravs Realtors from reporting by Accountantsdaily.

← All insights

More in Australian Property News

24 September 2026 · 1 min read · via Noradarealestate

Australian Housing Market Forecast for Price Dips

Australian home prices are predicted to dip nationally by 2% to 8% through 2026 and 2027, with a recovery expected in 2028.

Read
23 September 2026 · 1 min read · via Macrobusiness

Rising Listings and Falling Demand Drive Prices Lower

Australia's housing market correction, down 5.7% since April 2026, is nearing a record decline, driven by increased listings and reduced buyer demand.

Read
23 September 2026 · 1 min read · via MPA Magazine

Foreign Investment Fuels Commercial Property Growth

Foreign investment now drives Australia's commercial property market, with offshore buyers making up 34% of trading in 2026, a significant increase from the previous year.

Read

Thinking of buying or selling? Talk to Rav.

Get in touch
Foreign Investor Fined for Land Banking Breach | Ravs Insights