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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