World News@lemmy.worldEnglish · 1 year ago

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

www.scmp.com

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

www.scmp.com

filoria@lemmy.ml to

World News@lemmy.worldEnglish · 1 year ago

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

www.scmp.com

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

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1 year ago
So wouldn’t the fees be proportional to the price? The added taxes on a tiny cheap holiday home would be cheap too.

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