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Australia Triples Fees on Foreign Home Purchases
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Australia's Labor government plans to triple fees on existing home purchases by foreign buyers and cut application fees for 'build to rent' projects to align foreign investment with affordable housing goals, generating around A$500 million and spending A$2 billion on new affordable homes.
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How might the increased fees impact the housing market and foreign investment in Australia?
What measures can other countries consider to balance foreign investment with affordable housing goals?
What role does government intervention play in addressing housing crises and ensuring affordable housing supply?
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