filoria@lemmy.ml to World News@lemmy.worldEnglish · 11 months agoAustralia to triple fees on foreigners buying existing homes, penalise them if they leave properties emptywww.scmp.comexternal-linkmessage-square63fedilinkarrow-up1850arrow-down17
arrow-up1843arrow-down1external-linkAustralia to triple fees on foreigners buying existing homes, penalise them if they leave properties emptywww.scmp.comfiloria@lemmy.ml to World News@lemmy.worldEnglish · 11 months agomessage-square63fedilink
minus-squarep0windah@lemmy.worldlinkfedilinkEnglisharrow-up5·11 months agoYeah. The article doesn’t go into details whether vacancy is self reported and what enforcement looks like. The cynic in me says this is a great political policy, but something foreign investors will sidestep with minimal effort. Is it based on water consumption? Leave a tap dripping. Is it based on electricity consumption? Leave a light on. Is it based on garbage being collected? A friend takes your bins out once every couple of months. I want these policies to work to better support Australians with more housing options, but I’m not convinced this is enough.
Yeah. The article doesn’t go into details whether vacancy is self reported and what enforcement looks like.
The cynic in me says this is a great political policy, but something foreign investors will sidestep with minimal effort.
Is it based on water consumption? Leave a tap dripping.
Is it based on electricity consumption? Leave a light on.
Is it based on garbage being collected? A friend takes your bins out once every couple of months.
I want these policies to work to better support Australians with more housing options, but I’m not convinced this is enough.