The new tax on foreign property buyers in Australia is receiving mixed reviews from the market, reports The Australian Financial Review (26 February 2015). While the general consensus showed a need to enforce the law, the property industry fears the fee and proposed penalty could deter foreign investor from Australian shores, which may lead the real estate market into recession. "Requiring a fee to be paid upon application, even if you don't succeed at buying the property, is certain to turn foreign buyers off. The only countries that charge foreign investor fees are those that are trying to reduce foreign investment," said Simon Henry, Co-CEO of Juwai.