A foreign investor buying a $2 million residential property can expect to pay $26,400 in foreign investment fees as of Friday July 29.
Treasurer Jim Chalmers speaks in Brisbane on Friday following a meeting with state and territory treasurers. Photo by Dan Peled/Getty Images “That will help us pay for our foreign investment regime and also fund our housing affordability policies, particularly our Help to Buy policy.” The scheme sees the government own a stake of the home and will be available to Australians with an income of up to $90,000 for individuals or $120,000 for couples.
“This will make a very small difference to the cost of buying a property in Australia, but it will make a very big difference to Australians and to their budget.”
Khemlani version two
China doesn’t have to invade Australia by force they just buy Australia outright
No thanks
Pure tokenism. Start measuring your car windows for curtains, people, because a lot more of you are going to end up living in them.
JEChalmers I also said even the ATO cannot ask that outside formal avenues with IRAS_SG. I said to the FIRB that it was overreach and abuse of power. DBS sided with the FIRB and I was reprimanded. I never attended another call with the FIRB MAS_sg
JEChalmers will you be reviewing the FIRB. When I worked dbsbank the FIRB asked for detailed tax information in excess of the questionnaire. I said no. I referred them to the annual report & there are formal mechanisms with SG Govt if they wanted that
I can't afford to rent I have no chance of buying. I'd rather the government build more social housing.
Wot is in it for them?
Another Kevin Rudd tumble. Hope not.
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