Australia’s government will ban foreign investors from buying established houses for the next two years as part of an election pitch to tackle surging home prices. - ThreadSky

bloomberg.com • 7 days ago

Australia’s government will ban foreign investors from buying established houses for the next two years as part of an election pitch to tackle surging home prices.

Comments

tyendinaga.bsky.social•7 days ago

The liberal government in Canada opened the immigration floodgates with no thought to housing so Canada is in the same boat.

ciagw.bsky.social•7 days ago

Same in Canada through 2027.

bribri1701.bsky.social•7 days ago

Huge. Would like to see this happen here.

Write/call your representatives!

oldbluebabe.bsky.social•7 days ago

We would like to retroactively ban the Murdochs that played a big part in the destruction of our country by bring the granddaddy of disinformation. Please come get them Thank you.

sybilchaos.bsky.social•7 days ago

Home ownership is a scam.

econtrarian.bsky.social•7 days ago

Wonder how the owners of houses for sale feel about this? Perhaps the Aussie govt should compensate them for this restraint of trade.

blinddogblues.bsky.social•7 days ago

Maybe a house should be brought for living in and not capital gains

jbro52.bsky.social•6 days ago

Smart don’t let foreigners buy your homeland.

tracideecee.bsky.social•7 days ago

It's a start !

mjdavis1988.bsky.social•7 days ago

My 5th newsletter drops tomorrow morning. It’s a mix of politics and pop culture that I hope you’ll like. I’d love folks to subscribe. It’s free! Thanks so much.
- Mike

https://open.substack.com/pub/mdavis19881?r=19b2o&utm_medium=ios

jchrisa.bsky.social•7 days ago

New Zealand did the same.Stop the ultra rich foreigners buying up property to escape their own countries taxes and/or oversight. While locals can barely afford a home in their own country.