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.
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)
Yes. Less demand would help affordability
No, I don't think such a step is needed, nor do I think it will have the desired result.
Short of a cap on the number of properties a person/entity can own, I think a reduction/removal of incentives for owning investment properties will go a lot further to helping lower property prices than just going after the low hanging fruit of "it's the foreigner's fault".
Por que no los dos?
Qft
Property investment is the pre-eminent wealth engine amongst existing residents and citizens in this country.
Occupancy tax instead?