Australia Property News

Australia to penalise foreign real estate investors

by Nick Wallwork on February 27, 2015

Australia to penalise foreign real estate investors

Australia to penalise foreign real estate investors

The Australian government seems to be playing to the crowds with under pressure Prime Minister Tony Abbott announcing plans for new charges for foreign investors looking at real estate and increased penalties. Just a few weeks after an Australian government report suggested that foreign investors are having little or no impact on the overall Australian real estate market it seems that appealing to the Australian public is more important?

While there is no doubt that the rise in Australian property prices has been impressive and left many potential first-time buyers with nowhere to go, is this really the fault of foreign investors? [click to continue…]

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