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Potential hike in fees on horizon for foreign investors

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Australian Broker | 26 Feb 2015, 08:02 AM Agree 0
The Government’s newly released Options Paper reveals high application fees for foreign buyers
  • Vic Regional Broker | 26 Feb 2015, 11:02 AM Agree 0
    This is better, it really will not deter investors reading the compliance penalties it will sort out the dodgy practices that have been occurring especially by some estate agents. It is putting people on notice, play by the rules or else. Also a nice way of raising revenue.
  • Larry WA | 26 Feb 2015, 11:24 AM Agree 0
    Why don't the regulators require minimum of 70%LVR loans for non residents which will then improve the banks ratios for rest of industry
  • CharlieX | 03 Mar 2015, 12:33 AM Agree 0
    make it a simple rule, if you're not an australian citizen or permanent resident then you cannot buy or own any property in Australian. that's a very clear rule.

    the current rule of Australians wanting to take a foreigner's money, but don't want the foreigner to buy/own a property in Australia is already a dodgy business practice in itself.
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