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...Residential land guidance note x last updated april foreign persons generally require investment approval before acquiring an interest in regardless of its value the government s policy is to channel into new dwellings as opposed established this creates additional jobs construction industry and helps support economic growth it can also increase revenues form stamp duties other taxes from overall higher that flows applications are therefore considered light overarching principle proposed should australia housing stock for acquisition vacant development will be conditional on being completed within four years not sold until complete a or near dwelling usually subject any conditions concerning usage property developers looking sell their newly developed apply behalf customers where developer holds such person need seek own prohibited purchasing however temporary residents purchase one use place residence while they live redevelopment if genuinely controlled companies limited circumstance...