Foreign property buyers taxes hike in Victoria is not too damaging, reports the Property Observer (28 May 2019). Victoria's state budget announced an increase for foreign buyer tax from 1.5 percent to 2 percent. Carrie Law, the CEO of Juwai, a Chinese real estate website for buyers of overseas property, said the decision to hike taxes for foreigners were "dispiriting but not too damaging. Will the higher taxes announced this week make a tremendous difference on the market? The answer is no," she added.