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.

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