You are here

Australia to impose fees on foreigners buying homes

Thursday, February 26, 2015 - 05:50

Sydney

AUSTRALIA plans to charge fees to foreign nationals buying residential property and fine those who break foreign investment laws in an attempt to cool one of the world's hottest property markets, but experts doubt it will make housing more affordable.

Treasurer Joe Hockey

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom