There is a big black and frankly rather whiffy hole in Australian real estate, created by the suspicion the sector is a honey pot for money laundering and other criminal activity. After all, we have deliberately failed to implement the recommendations from earlier reviews, and of course the question we need to ask is WHY?
In a nut shell, Senators have been told money laundering could further push up surging house prices, but real estate lobbyists have warned counterattack measures could also shake the market.
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