The issue is it's extremely easy to hide foreign ownership through trusts, companies and relatives who are Australian residents. Anyone with a the means to pay

The issue is it's extremely easy to hide foreign ownership through trusts, companies and relatives who are Australian residents. Anyone with a the means to pay top dollar for an investment property can easily afford hiring the right people to get around this restriction. Which makes it even more shocking when you see statistics like 21% of supply is purchased by foreigners.