Western Australia's decision to increase foreign buyer taxes could potentially deter Chinese buyers, reports Australia China Business Review (16 May 2018). The WA government recently announced the possibility of raising foreign buyer taxes to 7 percent, just as Chinese buyer interest in Western Australia is burgeoning. According to Carrie Law, CEO of Juwai.com, this projection is based off Chinese buyer patterns in other markets that had similarly imposed foreign buyer taxes, such as Hong Kong, Vancouver, and Singapore. “Chinese buying drops off precipitously in the short term, then partially recovers in the medium term, and can fully recover in the long term, although this depends on particular market dynamics,” she explained.