Custodian’s James Fitzgerald argued that tripling application fees and vacancy charges for foreign buyers would do little to fix Australia’s housing shortfall, and that ordinary investors should be encouraged rather than penalised. He noted that most of the country’s 2.23 million property investors earn $100,000 or less, and cited PIPA research showing 12.1 per cent had sold up during 2023.
Reported by
James Fitzgerald, Australian Property Investor, 16 December 2023
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