Tax hikes for foreigners investing in Australian homes

By William Ton and Kat Wong
Updated December 10 2023 - 1:05pm, first published 1:00pm
New rules will triple taxes for foreigners who buy existing houses in Australia. (Bianca De Marchi/AAP PHOTOS)
New rules will triple taxes for foreigners who buy existing houses in Australia. (Bianca De Marchi/AAP PHOTOS)

Foreign investors will be slugged with higher fees and steeper penalties for buying existing homes and leaving them empty as the government aims to address housing affordability.