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Whoooaa kenalex, steady there with the common sense, don't know...

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billbub

32 Posts.

12/10/17

10:00

Post #: 27845868
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Originally posted by kenalex ↑

Sorry I meant that permanent residents are not considered Australian citizens and fall in the category of foreign buyers.

Foreign investment is beneficial when it supports the economy without overheating it.
I think that the government has to get the balance right where they impose additional taxes to discourage over speculating by foreign investors whilst generating some income.

It is also to be noted that trade goes both ways. The people that are profiting the most are developers and sellers locally. So by putting tax barriers, the government will limit the profit going to mostly one sector of the economy to prop other parts.

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Whoooaa kenalex, steady there with the common sense, don't know if it belongs on these threads.
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