Australia to triple fees on foreigners buying existing homes, penalise them if they leave properties empty

filoria@lemmy.ml to World News@lemmy.world – 843 points –
Australia triples fees on foreign buyers of existing homes to stem rental crisis
scmp.com
65

You are viewing a single comment

Temp residents, including students, also aren't included in the temporary ban which makes it basically useless

Ah yes, the true cause of the preposterous housing market… college students.

My point was about foreign investors avoiding the ban through international students

Foreign students that pay atleast twice the tuition that local students do. And also roll up in luxury vehicles. You think those students don't also have big expensive houses?

https://www.huffpost.com/archive/ca/entry/students-own-over-57m-worth-of-ritzy-vancouver-real-estate-say_n_12032930

They are either "students" or are being funded their parents. Either way they are complicit.

It kinda sounds like they are people living in their homes lol

I don’t see why I should care where they live so long as they’re actually living in the place. They obviously need a place to stay, shouldn’t be forced into renting, and I don’t know what would be accomplished by putting a cap on how nice of a place they can buy.

Edit:

Students Own Over $57M Worth Of Ritzy Vancouver Real Estate

$57M? So what, like 100 apartments, max?

Edit 2:

The least expensive home was $1.85 million, while the priciest came in at $31.1 million.

Oh okay so like 5 lol