residents in established properties are only for their use whilst they live in Australia." Under the rules, temporary residents and foreign students will be: Screened by the Foreign Investment Review Board to determine if they will be allowed to buy a property. Forced to sell property when they leave Australia. Punished if they do not sell by a government-ordered sale plus confiscation of any capital gain. Required to build on vacant land within two years of purchase to stop "land banking". Failure to do this would also lead to a government-ordered sale. Several Australian Banks and lenders provide home loans to non-residents for the purchase of Australian real estate. This is also thought by some to have contributed to the increases in Australia's property prices. Government inquiries related to housing In 2002, the government initiated a Productivity Commission Inquiry into the homes ownership in Australia. The commission's report entitled "First Home Ownership" observed inter alia that "general taxation arrangements [capital gains tax, negative gearing, capital works deductions and depreciation provisions] have lent impetus to the recent surge in investment in rental housing and consequent house price increases." The government's response to the report stated that "There is no conclusive evidence that the tax system has had a significant impact on house prices." In 2008, another study was commissioned – the 2008 Senate Select Committee on Housing Affordability in Australia. The report noted that "On some measures, housing affordability is at a record low. "Australia's Future Tax System" (AFTS) review, more commonly known as the "Henry Tax Review", made a number of recommendations that would have impacted on the housing market, including: introduction of land tax "on all land ... removing disincentives for institutional investment in rental property", that "transfer taxes on property should be reduced, and ultimately removed", a move to "more neutral personal income tax treatment of private residential rental investment . . through a 40 per cent discount on all net residential rental income and losses, and capital gains." In regard to recommendations of changes to tax policy that might impact the housing market, the Government advised "that it will not implement the following policies at any stage" (excerpt of list): include the family home in means tests (see Rec 88c), introduce land tax on the family home – this is a state tax and thus an issue for the states (see Rec 52 & 53), reduce the