The Property Council of Australia has slammed two new taxes applied on foreigners buying real estate in Victoria, reports Domain News (2 May 2015). The Council said the new taxes could deter foreign investment, which is crucial to improve housing affordability by stimulating construction. The impact of the charges would also depend on the performance of the Australian dollar. Australian property is still a good bargain," said Andrew Taylor, Co-CEO of Juwai.com. "However, with these new taxes and fees piling up, Australia and Victoria do run the risk of killing the golden goose," he added.
