Fees for foreign investors who leave properties vacant will double and taxes will triple for those who buy existing houses
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Foreign investors in Australia will be slugged with higher fees and steeper penalties for buying existing homes and leaving them empty as the government aims to address housing affordability.
The federal government on Sunday announced new rules tripling taxes for foreigners who buy existing houses in Australia and a doubling in fees for those who leave dwellings vacant.
Continue reading…Fees for foreign investors who leave properties vacant will double and taxes will triple for those who buy existing housesGet our morning and afternoon news emails, free app or daily news podcastForeign investors in Australia will be slugged with higher fees and steeper penalties for buying existing homes and leaving them empty as the government aims to address housing affordability.The federal government on Sunday announced new rules tripling taxes for foreigners who buy existing houses in Australia and a doubling in fees for those who leave dwellings vacant.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…