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Foreign investor restrictions slammed as “economic disaster”

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Miklos Bolza | 22 Mar 2017, 08:25 AM Agree 0
Proposed measures to restrict foreign buyers from purchasing too many dwellings has been criticised as a government ploy
  • Who is this clown | 22 Mar 2017, 01:40 PM Agree 0
    Mark Mendel, CEO of "a leading property agency" says:

    "this could.. end up causing foreign buyers to stop investing in Australian property"

    * BS and you know it. We've been 'gifting Australia away'. Tax them even more and they'll still come. We all know this. Canada knows this. Australia deserves to earn it's 'safety premium'.

    "[foreign buyers] are still the minority of buyers in the market".

    What? * AMEN. It's in Australia, where locals live. Sell-outs might wish the majority of buyers were foreigners.

    I've had locals approach developments where it's 'just for foreigners'. Sales people didn't even know how to speak to locals. It was surreal, then offensive.

    "For now the government shouldn't change anything and let the market take its course".

    * This guy pretends the market is working. Sydney median price is now 12 times local median income. Helloooo
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