Tax on foreign investors ‘forcing them out’ of the Australian property market
Housing Industry Association Chief Economist Tim Reardon says the government can’t continue taxing housing at the current rate.
Mr Reardon told Sky News host Andrew Bolt that the tax on foreign investment is “forcing them out” of the market.
“And we can see the volume of apartments in Sydney, Melbourne, and Brisbane – it’s around about half now of what it was 10 years ago before these taxes were introduced.”
- https://www.msn.com/en-au/news/other/tax-on-foreign-investors-forcing-them-out-of-the-australian-property-market/ar-BB1ph1TF?ocid=00000000
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