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Australia to triple fees on foreigners buying existing homes, penalise them if they leave properties empty

Australia triples fees on foreign buyers of existing homes to stem rental crisis

https://www.scmp.com/news/asia/australasia/article/3244528/australia-triple-fees-foreigners-buying-existing-homes-penalise-them-if-they-leave-properties-empty?module=top_story&pgtype=homepage

Treasurer Jim Chalmers said ‘there are too many properties empty around Australia’ as tight supply leaves many renters struggling to find somewhere to live.

Australia triples fees on foreign buyers of existing homes to stem rental crisis

65 comments

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zacher_glachl

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Or, it could be that there's like 300x more non-Aussies than Aussies so constraining the ability of foreigners to speculate on Australian real estate could be seen as a priority by an institution who's literal job it is to serve the Australian people, first and foremost.

MindSkipperBro12

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So yes.

chitak166

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"It's better to be exploited by an Australian."

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