Melbourne-born man loses $67,000 deposit in foreign investor crackdown

IT WAS supposed to be a long-awaited return to his home city after a lengthy stint overseas.

But instead Tony Marsh, a Melbourne-born man living in Hong Kong, has had his Australian property dreams smashed.

Along with his British partner, Mr Marsh has fallen victim to the banks’ crackdown on foreign investors — leaving them close to $67,000 out of pocket.

“It’s been a nightmare,” the 50-year-old expat told news.com.au.

The early childhood teacher, who wed his husband Andy Clarke in the United Kingdom, had planned to move home to Australia and the pair was in the process of arranging to buy a property together in Melbourne when they hit an unexpected hurdle.

“Two years ago we found a place we liked, an off-the-plan apartment on Lygon St,” Mr Marsh said.

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