Govt mulls Chinese property fee hike

By Staff Reporter

The news comes on the back the Treasurer’s speech to the Foreign Investment Roundtable in Sydney on Friday, where he stressed Australia’s desire for more direct investment from China. “On my recent trip to China I made it clear that Australia was ‘open for business’ and that we welcomed Chinese investment,” said Mr Hockey.

According to The Australian Financial Review, the parliamentary committee looking for a solution to Australia’s housing affordability crisis is looking at several options, one of which is extra scrutiny or fees for foreign buyers. “Obviously this is an issue that needs to be considered,” said MP Kelly O’Dwyer, the committee chair, to the newspaper of a capital charge.

Read more here: Business Spectator


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