Dear Secretary,

I believe the Government needs to immediately lower the threshold on rural land to $500,000 and block foreigners buying adjoining blocks / lots and circumventing the threshold. All purchases over $500,000 needs approval.

With regard to residential, the threshold must be also $500,000 for houses and $300,000 for apartments.

The Government needs to also prevent the loophole here foreigner can purchase land through a trustee, so as to hide the real buyer and then pay a $50 transfer fee later to move the title to the overseas person / entity.

Thanks

Suzanne