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Government crackdown on foreign investors continues

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Australian Broker | 10 Aug 2015, 06:20 AM Agree 0
The Federal Government’s crackdown on cashed up foreign investors continues, with more foreign investors forced to sell residential Australian real estate
  • I wonder. | 10 Aug 2015, 12:52 PM Agree 0
    Foreign Investment iceberg Mr Hockey…..462 cases under active investigation. They are just the tip of the iceberg my friend. Let’s see how the ATO investigation goes, they only started in MAY. I just hope that we hear all the results. My worry is that if it’s as bad as we think the government may try and hide the real numbers.
  • E3PI | 10 Aug 2015, 02:34 PM Agree 0
    Shows just how ineffective the FIRB was at least.
  • SEQ Broker | 11 Aug 2015, 08:32 AM Agree 0
    Again, what about the converse. See what happens if an Aussie breaks China's laws. Once again, Australia too lenient. Fine them 20% of the value, if they cant pay, assume the property. Or Better still, find out what China does in this instance and do that.
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