“No Victorians will pay these surcharges. This is about ensuring foreign owners pay their fair share.”
“It’s only fair that foreign buyers of residential real estate, who enjoy the capital growth as a result of Victoria’s liveability and the amenity of our cities, contribute to the maintenance of government services and infrastructure.”
“Since we introduced these surcharges last year, there has continued to be a welcome and steady stream of foreign interest in our residential real estate. The surcharges ensure that buyers will continue to benefit from the best services and infrastructure.”
Yesterday was a bad day for foreign buyers interested in Melbourne real estate.
Also published on Medium.