this post was submitted on 04 Jul 2023
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Foreign buyer freeze: Should Australia take a maple leaf out of Canada’s book? (www.yourinvestmentpropertymag.com.au)
submitted 1 year ago* (last edited 1 year 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] 1 points 1 year ago

Why not stop ownership by companies. Let them build housing and rent or sell it but not purchase housing. That's for people.

There is no economic advantage to companies buying property. Only producing it.

For people we can tax any property number above a certain value amount or certain amount of properties. We want to incentivise building but not incentivise hoarding or renting.