NSW doubles foreign property buyer stamp duty

Thursday, 1 June 2017

It is all but confirmed that the NSW State Budget will significantly raise taxes on foreign buyers, as well as include measures to help first home buyers (FHBs) get into the market. From The ABC:

First-home buyers are set to win but foreign investors may lose in a new housing affordability package to be announced by the NSW Government today.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.