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.
  • Selmafudd@lemmy.worldEnglish
    24·
    2 years ago

    I can’t read that whole article but yeah doesn’t make sense… a foreigner could just set up a trust which then purchases the property and leaves it vacant and you’re back to square one.