Foreign investors who snap up Australian homes to face higher taxes
by Australian Associated Press from World news | The Guardian on (#6H17N)
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 face 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.
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