Saturday, September 24

Farmers Demand Land Sale Restrictions

FARMERS want tougher restrictions on foreigners buying Australian land, demanding any sale over $2 million to pass a national interest test.

Foreigners now have open slather on farmland, providing the price is below $231 million.
Australian Bureau of Statistics figures show they now own more than 12 per cent of land used for agriculture in SA compared to the lowest interstate rate of 0.8 per cent in Victoria.


Weekly Times Now

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