Birdwatch Note Rating
2023-12-10 00:01:09 UTC - NOT_HELPFUL
Rated by Participant: 3CD0F927C651D4434AAD3113EB0692264F82007ED7A243014BEF271C18D5693C
Participant Details
Original Note:
A tripling of federal foreign investment fees on a 1 million dollar property would still only incur a $39,600 fee. https://www.ato.gov.au/individuals-and-families/investments-and-assets/foreign-investment-in-australia/fees-for-foreign-residential-investors Many countries have banned residential property purchases by non-citizens in response to housing shortages. https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-research/consultations/prohibition-purchase-residential-property-non-canadians-act
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