Aussie government does something right for a change

Imposing fees on foreign property purchases, which will be used to fund more strict monitoring of said purchases, and civil penalties for breaking the now completely unenforced and massively abused laws.

The Property Country of Australia hates the new laws, which is a big stamp of approval. Cautiously optimistic, let’s see where this takes us in 2015 and whether this halts the Sydney bubble.

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