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Foreigners purchasing $8bn of property per year

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Miklos Bolza | 27 Mar 2017, 08:25 AM Agree 0
New research has revealed the staggering numbers behind foreign buyers in Australia’s two most populated states
  • Foreigners are Australians too.. | 27 Mar 2017, 03:33 PM Agree 0
    Crank up that foreign buyers' stamp duty till demand starts to wane (it won't).

    Then bring in the vacancy tax
  • Australian person | 28 Mar 2017, 06:26 AM Agree 0
    ...which is about 7.3 per cent of property lending by banks in the 2016 calendar year. Not exactly staggering. In effect, this claim about foreign buyers serves Australian banks' purpose - and of foreign banks operating in Australia - of shifting focus from the banks engaged in questionable - and allegedly illegal - lending practices to promote their Ponzi scheme.
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