Australia to penalise foreign real estate investors

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 [...]

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propertybuzz

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