Australia FIRB fee likely to weigh on home prices and property investment

Analysts said the investment fee hike by Australia for foreigners may be untimely considering the heightened risks of inflation,?global recession and declining home prices in the country.

Investors from the United States, Singapore, Canada,?China?and Germany were the largest foreign buyers of Australian assets last year, according to Juwai IQI.

“The fee is significant enough to be a factor, but it won’t turn away many investors,” said Daniel Ho, co-founder and group managing director at Juwai IQI.

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