Australia to penalise foreign real estate investors

Discussion in 'Australia Property' started by Nicholas Wallwork, Feb 27, 2015.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    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 [...]

    [​IMG] Click to Read The Full Story and Add your Own Comments to Australia to penalise foreign real estate investors
  2. propertybuzz

    propertybuzz New Member

    There'll be additional 3% stamp duty imposed to foreigners from july 2015 onwards too.

Share This Page