The practice of taxing foreigner property holdings

In the latest post on propertyobserver.com.au, the practice of taxing foreigner property holdings at a higher rate than the locals is a world wide trend finally taken up by Australian legislators.

It looks like it will become the norm too in Sydney any day now.

Just like the Labor Government in Victoria in 2015, overseas property investors look set to soon have to pay more to own a home in NSW under Treasurer Gladys Berejiklian’s upcoming state budge…see the full article here