this post was submitted on 04 Jul 2023
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Foreign buyer freeze: Should Australia take a maple leaf out of Canada’s book? (www.yourinvestmentpropertymag.com.au)
submitted 1 year ago* (last edited 1 year ago) by josephb@aussie.zone to c/ausfinance@aussie.zone
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Canada's foreign home-buying ban sparks Aussie interest, but can it fix our housing affordability? PRD Real Estate chief economist Dr Diaswati Mardiasmo said a ban for foreign buyers can potentially increase the supply of residential property.

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[–] TassieTosser@aussie.zone 6 points 1 year ago

There are already heavy regulations on foreign buyers. The problem they want to distract you from is corporate ownership. Really what we need are regulations that impact all residential investors. Things like a vacancy tax, increasing taxes beyond the first property, short stay taxes, etc.