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Foreign buyer freeze: Should Australia take a maple leaf out of Canada’s book? (www.yourinvestmentpropertymag.com.au)

submitted 2 years ago* (last edited 2 years ago) by [email protected] to c/[email protected]

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Canada's foreign home-buying ban sparks Aussie interest, but can it fix our housing affordability? PRD Real Estate chief economist Dr Diaswati Mardiasmo said a ban for foreign buyers can potentially increase the supply of residential property.

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[–] [email protected] 5 points 2 years ago (2 children)

No, I don't think such a step is needed, nor do I think it will have the desired result.

Short of a cap on the number of properties a person/entity can own, I think a reduction/removal of incentives for owning investment properties will go a lot further to helping lower property prices than just going after the low hanging fruit of "it's the foreigner's fault".

[–] [email protected] 3 points 2 years ago

Por que no los dos?

[–] [email protected] 1 points 2 years ago

Qft

Property investment is the pre-eminent wealth engine amongst existing residents and citizens in this country.