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World News@lemmy.worldEnglish · 7 months 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

filoria@lemmy.ml to

World News@lemmy.worldEnglish · 7 months 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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chiliedogg@lemmy.world
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7 months ago
Unoccupied housing in growth areas needs to be taxed mercilessly.

And taxes on non-multifamily rental properties should also be physically painful for the owners.

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