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Introduction of stamp duty for foreigners wanting to buy property

23 Jun 17

Greg Troughton: Introduction of stamp duty for foreigners wanting to buy property in South Australia could cause immense damage

THE introduction of a hike in stamp duty for foreigners wanting to purchase property in South Australia is one of the most cynical moves I have seen in many a year.

Are South Australians really that cynical? Our Treasurer promoting “SA made lattes whilst wearing a sexy red dress” definitely thinks so! It might be popular politics but the policy is rubbish.

Whether a policy is xenophobic doesn’t seem to matter anymore. It is hypocrisy to say you are welcome to invest your foreign money in South Australia but if you want to buy a home in the most affordable mainland state in Australia, then please go elsewhere.

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