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Australia taxes foreign home buyers as affordability bites

Latest move by NSW comes as concerns grow that a flood of mostly Chinese investors is crowding out locals
Tuesday, June 21, 2016 - 05:50

Sydney

SYDNEY is imposing new taxes on foreigners buying homes as concerns grow that a flood of mostly Chinese investors is crowding out locals and killing the "Great Australian Dream" of owning property.

Ownership rates across the country are among the highest in developed nations

sentifi.com

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