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Australia to Increase Property Application Fee by 300% from AUD 28,200 to AUD 84,600 for Foreign Investors of Australia Properties, Vacant Properties Not Placed on Rental Market Will Incur Total of 600% Increase in Property Applicant Fee to AUD 169,200, Foreign Investors Bought 1,339 Properties in Australia in 2021 to 2022
13th December 2023 | Hong Kong
Australia is proposing to increase the property application fee by 300% from AUD 28,200 to AUD 84,600 for foreign investors of Australia properties, and vacant properties not placed on rental market will incur total of 600% increase in property applicant fee to AUD 169,200 (Property value AUD 1 million to $2 million). From 2021 to 2022, foreign investors had bought 1,339 properties in Australia. The proposed change is planned for legislation in 2024, and announced by Australia Treasurer Jim Chalmers & Housing Minister Julie Collins (10/12/23).
“ Australia to Increase Property Application Fee by 300% from AUD 28,200 to AUD 84,600 for Foreign Investors of Australia Properties, Vacant Properties Not Placed on Rental Market Will Incur Total of 600% Increase in Property Applicant Fee to AUD 169,200, Foreign Investors Bought 1,339 Properties in Australia in 2021 to 2022 “
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Australia to Increase Property Application Fee by 300% from AUD 28,200 to AUD 84,600 for Foreign Investors of Australia Properties, Vacant Properties Not Placed on Rental Market Will Incur Total of 600% Increase in Property Applicant Fee to AUD 169,200
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