Australian farmland to be offered to local buyers first under new rules introduced by Federal Government

New rules overseeing the sale of Australian farmland to foreign investors will force real estate agents to show they have given local investors the chance to purchase the land first. Treasurer Scott Morrison's new 30-day advertising clause will become part of the guidelines the Foreign Investment Review Board considers when assessing the sale of farmland.Sellers will have to demonstrate they have undertaken an open and transparent process.