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Suspect Aussie real estate purchases investigated

Xinhua, June 2, 2015 Adjust font size:

The Australian Tax Office is investigating 195 properties that have possibly been purchased illegally by foreign investors.

Acting second tax commissioner Neil Olesen confirmed the number at a Senate estimates hearing in Canberra on Tuesday, but was unable to provide a breakdown of price ranges.

"I wouldn't be surprised if a fair slab of them were towards the top end of the market," he said.

The investigation follows the government forced sale of a Sydney mansion bought by Chinese company Golden Fast Foods earlier in the year in contravention of local laws. Endi