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Australia's biggest state hikes taxes for foreign property buyers

Move by New South Wales is aimed at Chinese investors and to appease voters worried about housing affordability

Home prices fell in May in Sydney and Melbourne, after dramatic gains of more than 15 per cent there over the 12 months to April.


AUSTRALIA'S most populous state will double property taxes for foreign buyers, the New South Wales treasurer said on Thursday, a move aimed squarely at Chinese investors as well as to appease voters worried about housing affordability.

The push comes amid a raft of...

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