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That would be great except it becomes a case of diminishing returns, as Australians have to borrow more to to buy the more expensive houses, there is less money available to grow businesses and create jobs.The overseas investors can still buy at inflated prices, it is just that they pay more than an Australian as a purchase tax, which in turn reduces the tax an Australian has to pay.Or it could go toward supplying social housing, for those who can't afford to pay grossly inflated prices and the Australian taxpayer has to subsidies with rental assistance so that they can rent off the overseas owner.And they're the fools?
That would be great except it becomes a case of diminishing returns, as Australians have to borrow more to to buy the more expensive houses, there is less money available to grow businesses and create jobs.
The overseas investors can still buy at inflated prices, it is just that they pay more than an Australian as a purchase tax, which in turn reduces the tax an Australian has to pay.
Or it could go toward supplying social housing, for those who can't afford to pay grossly inflated prices and the Australian taxpayer has to subsidies with rental assistance so that they can rent off the overseas owner.
And they're the fools?
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