Why no CGT for foreign property owners ?? Will they pay any form of tax ?? If not, this is crazy & no wonder they're buying in droves. I know at least 3 couples, who on many occassions who have lost out to O/S buyers, who are making unrealistic offers, especially around Sydney's inner west. How do properties $750k properties go up by $250-300k to over a $1 Mill in 12 months ?? Exactly, 12 months since Oz Govt changed the foreign ownership rules. Sure 10%+ I can understand, but this is mad.
