Andrew GEE MP INDEPENDENT FEDERAL MEMBER FOR CALARE MY PUSH FOR TWO YEAR FOREIGN HOME BUYING BAN CONTINUES his week in Parliament I continued my push for a two-year ban on the foreign buying of homes and units. Australia has a housing affordability crisis. We all know it Many years ago, every single Australian could expect that at some point in their lives they would have the opportunity to own a home or unit and live the great Australian Dream That dream is slipping away before our eyes. TAKING ACTION That's why I introduced my first private members bill into Parliament which would ban foreign property speculators from buying homes and units in Australia for two years Many countries have already introduced this law, including I strongly campaigned to get the inquiry up and running, and asked the Prime Minister in Question Time in May 2023 whether he would support establishing the investigation Sthe Parliamentary Inquiry into the Response o far, there have been seven public hearings in was badly damaged by the storm and flood event. Allianz, through its agents, organised a strip-out of the premises and asked him to sign a waiver document-but he was only given the back page of that document to sign of Insurers to the Storm and Flood event of November 2022. Earlier this month, I questioned the Managing Director of Allianz Australia, Richard Feledy, about the shocking way the company treated its storm and flood-hit customers in the Central West I said:"the events in Eugowra and the Cabonne Shire were over a year ago, and it has taken you over a year to make a public apology to the people you've hurt during that extraordinary disaster. Why is that? Mr Feledy didn't answer the question I also raised the case of an elderly man in Eugowa whose house STORM AND FLOOD INSURANCE INQUIRY UPDATE Thanks to a $502.559 grant through the Federal Black Summer Bushfire Recovery Grants program, the Visitor Centre has been Canada New Zealand and Singapore. in Australia it seems strange that we haven't also already done this In 2021-2022 (during COVIDE foreign buyers snapped up 4,228 Australian homes and units most of these purchases were in the under $1 million price WHAT IT DELIVERS bracket Since those figures were published, the activities of foreign property speculators have been ramping up big time. The National Australia Bank's recent Residential Property Survey found that MrFeledy: "Yes." PUBLIC HEARINGS ALLIANZ AUSTRALIA Mr GEE: "Then they proceeded to do a strip-out in excess of what was required that's right, Mr Feledy: "Yes" BATHURST ELECTORATE 107 George Street PO Box 54 Bathurst NSW 2795 the market share of foreign buyers in new Australian housing markets in Oct-Dec 2023 grew for the fifth straight quarter to a 6% year high of 11.0% In NSW foreign buyers had a 15% market share OBERON THAN YOU IMAGINE OFFICE Mr Gee: "So your agents procured his signature to a document not only without explaining the terms but not even showing him the tens? WELL DONE OBERON VISITOR CENTRE! given a full revamp inside and out! ast year we officially opened the Lunew and improved Oberon Visitor Information Centre! I recently stopped by to see how the new and improved centre is going-and it's been a tremendous success Mr GEE: "Until you got a letter from me, you were going to leave him with the excessive costs of repairing the excessive strip-out, weren't you Visitor numbers are up, as are retail sales. It really does showcase the Oberon region in a wonderful way! CENTRAL WEST TO SHARE ITS EXPERIENCES 1 anticipate that the inquiry will visit the Central West so that our residents can tell their stories. If you have an Mr GEE: "And you sent back hima version of that authority to Insurance experience from the November proceed which was actually not the version that your agent had on 2022 floods that you would like to share. the day." Mr Feledy: "Yes" the submissions portal and the online survey remain open. Your Country Your Voice This points to a near five-fold increase in market share from a low of just over 2% during the COVID-pandemic in mid-2021. International agents are reporting an increase in enquires of over 400% (02) 6331 0524 @andrew.gee.mp@aph.gov.au www.andrewgeemp.com.au We could make thousands of new homes and units available to Australians immediately without having to take years to build them) by puttinga pouse on foreign property speculators and giving more Australians their shot at the great Australian dream This is not about turning our backs on the world, but it is about putting the interests of Australians struggling to get into the housing market ahead of the interests of cashed up foreign property speculators. My Bill needs to be passed into law Mr Feledy then proceeded to place the blame for the whole situation on the contractor. My GEE: "But it goes to the issue of the quality control that you have over third-party agents doing work on people's homes, doesn't it? That's at the heart of this issue, and your processes falled in this case. To complete the survey, scan the QR code or head to: www.aph.gov.au/floodinsurance OBERON COUNTRY STAR KICKS OFF BATHURST 500! 500 begun with a stunning performance of the National Anthem by Oberon's own, Chloe Swannell! Chloe's performance was broadcast live on TV. and signalled the start of a thrilling weekend of Supercars action last weekend The opening round of the Supercars season was hosted at Mount Panorama after Newcastle pulled out of hosting-giving Bathurst another chance to shine on the world stage, and giving local stars like Chloe an opportunity to perform in front of thousands! Congratulations to Bathurst Regional Council staff and all the volunteers who made the Bathurst 500 so successful. The drivers, their crews the crowds and the international audience all love Bathurst as a motorsport venue and the Bathurst 500 looks set to be a permanent future on Australia's motor racing calendar. Congratulations to all involved For regular updates and news, follow me on Facebook and Instagram @andrewgeecalare Authorised by Andrew Gee MP. Suite 1/179A Anson Street, Orange, NSW 2800. 5 f Andrew GEE MP INDEPENDENT FEDERAL MEMBER FOR CALARE MY PUSH FOR TWO YEAR FOREIGN HOME BUYING BAN CONTINUES his week in Parliament I continued my push for a two - year ban on the foreign buying of homes and units . Australia has a housing affordability crisis . We all know it Many years ago , every single Australian could expect that at some point in their lives they would have the opportunity to own a home or unit and live the great Australian Dream That dream is slipping away before our eyes . TAKING ACTION That's why I introduced my first private members bill into Parliament which would ban foreign property speculators from buying homes and units in Australia for two years Many countries have already introduced this law , including I strongly campaigned to get the inquiry up and running , and asked the Prime Minister in Question Time in May 2023 whether he would support establishing the investigation Sthe Parliamentary Inquiry into the Response o far , there have been seven public hearings in was badly damaged by the storm and flood event . Allianz , through its agents , organised a strip - out of the premises and asked him to sign a waiver document - but he was only given the back page of that document to sign of Insurers to the Storm and Flood event of November 2022 . Earlier this month , I questioned the Managing Director of Allianz Australia , Richard Feledy , about the shocking way the company treated its storm and flood - hit customers in the Central West I said : " the events in Eugowra and the Cabonne Shire were over a year ago , and it has taken you over a year to make a public apology to the people you've hurt during that extraordinary disaster . Why is that ? Mr Feledy didn't answer the question I also raised the case of an elderly man in Eugowa whose house STORM AND FLOOD INSURANCE INQUIRY UPDATE Thanks to a $ 502.559 grant through the Federal Black Summer Bushfire Recovery Grants program , the Visitor Centre has been Canada New Zealand and Singapore . in Australia it seems strange that we haven't also already done this In 2021-2022 ( during COVIDE foreign buyers snapped up 4,228 Australian homes and units most of these purchases were in the under $ 1 million price WHAT IT DELIVERS bracket Since those figures were published , the activities of foreign property speculators have been ramping up big time . The National Australia Bank's recent Residential Property Survey found that MrFeledy : " Yes . " PUBLIC HEARINGS ALLIANZ AUSTRALIA Mr GEE : " Then they proceeded to do a strip - out in excess of what was required that's right , Mr Feledy : " Yes " BATHURST ELECTORATE 107 George Street PO Box 54 Bathurst NSW 2795 the market share of foreign buyers in new Australian housing markets in Oct - Dec 2023 grew for the fifth straight quarter to a 6 % year high of 11.0 % In NSW foreign buyers had a 15 % market share OBERON THAN YOU IMAGINE OFFICE Mr Gee : " So your agents procured his signature to a document not only without explaining the terms but not even showing him the tens ? WELL DONE OBERON VISITOR CENTRE ! given a full revamp inside and out ! ast year we officially opened the Lunew and improved Oberon Visitor Information Centre ! I recently stopped by to see how the new and improved centre is going - and it's been a tremendous success Mr GEE : " Until you got a letter from me , you were going to leave him with the excessive costs of repairing the excessive strip - out , weren't you Visitor numbers are up , as are retail sales . It really does showcase the Oberon region in a wonderful way ! CENTRAL WEST TO SHARE ITS EXPERIENCES 1 anticipate that the inquiry will visit the Central West so that our residents can tell their stories . If you have an Mr GEE : " And you sent back hima version of that authority to Insurance experience from the November proceed which was actually not the version that your agent had on 2022 floods that you would like to share . the day . " Mr Feledy : " Yes " the submissions portal and the online survey remain open . Your Country Your Voice This points to a near five - fold increase in market share from a low of just over 2 % during the COVID - pandemic in mid - 2021 . International agents are reporting an increase in enquires of over 400 % ( 02 ) 6331 0524 @ andrew.gee.mp @ aph.gov.au www.andrewgeemp.com.au We could make thousands of new homes and units available to Australians immediately without having to take years to build them ) by puttinga pouse on foreign property speculators and giving more Australians their shot at the great Australian dream This is not about turning our backs on the world , but it is about putting the interests of Australians struggling to get into the housing market ahead of the interests of cashed up foreign property speculators . My Bill needs to be passed into law Mr Feledy then proceeded to place the blame for the whole situation on the contractor . My GEE : " But it goes to the issue of the quality control that you have over third - party agents doing work on people's homes , doesn't it ? That's at the heart of this issue , and your processes falled in this case . To complete the survey , scan the QR code or head to : www.aph.gov.au/floodinsurance OBERON COUNTRY STAR KICKS OFF BATHURST 500 ! 500 begun with a stunning performance of the National Anthem by Oberon's own , Chloe Swannell ! Chloe's performance was broadcast live on TV . and signalled the start of a thrilling weekend of Supercars action last weekend The opening round of the Supercars season was hosted at Mount Panorama after Newcastle pulled out of hosting - giving Bathurst another chance to shine on the world stage , and giving local stars like Chloe an opportunity to perform in front of thousands ! Congratulations to Bathurst Regional Council staff and all the volunteers who made the Bathurst 500 so successful . The drivers , their crews the crowds and the international audience all love Bathurst as a motorsport venue and the Bathurst 500 looks set to be a permanent future on Australia's motor racing calendar . Congratulations to all involved For regular updates and news , follow me on Facebook and Instagram @andrewgeecalare Authorised by Andrew Gee MP . Suite 1 / 179A Anson Street , Orange , NSW 2800 . 5 f