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World NewsEnglish • 1 year ago

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

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

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World NewsEnglish • 1 year ago

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

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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Jin
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8•1 year ago
I think Chinese people can’t really invest in China because corruption and government can take everything you own without a reason.

Looking at property crisis in China https://www.bbc.com/news/world-asia-china-62402961

Not to mention bank crisis around China https://www.theguardian.com/world/2022/jul/11/china-violent-clashes-at-protest-over-frozen-rural-bank-accounts

So it makes sense to have a foreign investment + they can flee and live there if something should happen

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