this post was submitted on 04 Jul 2023
18 points (100.0% liked)

AusFinance

994 readers
1 users here now

founded 1 year ago
MODERATORS
lodion@aussie.zone
Los@beehaw.org
18
Foreign buyer freeze: Should Australia take a maple leaf out of Canada’s book? (www.yourinvestmentpropertymag.com.au)
submitted 1 year ago* (last edited 1 year ago) by josephb@aussie.zone to c/ausfinance@aussie.zone
7 comments fedilink hide all child comments
 

Canada's foreign home-buying ban sparks Aussie interest, but can it fix our housing affordability? PRD Real Estate chief economist Dr Diaswati Mardiasmo said a ban for foreign buyers can potentially increase the supply of residential property.

you are viewing a single comment's thread
view the rest of the comments
[–] Lex@aussie.zone 5 points 1 year ago (2 children)

No, I don't think such a step is needed, nor do I think it will have the desired result.

Short of a cap on the number of properties a person/entity can own, I think a reduction/removal of incentives for owning investment properties will go a lot further to helping lower property prices than just going after the low hanging fruit of "it's the foreigner's fault".

[–] Lintson@aussie.zone 1 points 1 year ago

Qft

Property investment is the pre-eminent wealth engine amongst existing residents and citizens in this country.

load more comments (1 replies)